Two Roads Development Sells Edition Edgewater Residences Condo In Miami For $3.09M
2121 North Bayshore Drive
$3,090,000
$225/SF
Building Size
13,725 SF
Asset Type
Condo
Closing
Jun 16, 2023
About this deal
AI
The property involved in this closed transaction is a condo located at 2121 North Bayshore Drive in Edition Edgewater Residences, Miami. The seller of the property is Two Roads Development. The transaction was facilitated by Nathan Kakon of Charles Rutenberg Realty. The sale price for the condo was $3,090,000. The condo has a total area of 2,745 square feet, resulting in a price per square foot of $1,126.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,090,000
- Square Feet: 2,745
- Price per Square Foot: $1,126
- Address: 2121 North Bayshore Drive
- Market: Miami
Nathan Kakon of Charles Rutenberg Realty played a crucial role as the broker representing the seller, Two Roads Development, in this transaction.
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $225 per square foot on a published $3.1M for 13,725 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.13%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93