Barry & Linda Meadows Purchase Condo At 2627 South Bayshore Drive For $2.47M With Broker Ali Seid
SOLD
$2,470,000
Florida
See Similar DealsCondo1,756 SF
Sold 03/31/2025
SOLD
Barry & Linda Meadows Purchase Condo At 2627 South Bayshore Drive For $2.47M With Broker Ali Seid
2627 South Bayshore Drive
See Similar DealsCondo1,756 SF
Sold 03/31/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,406
Total Square Footage:1,756 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 2627 South Bayshore Drive Unit 606, in the Miami market. It was sold for a price of $2,470,000, encompassing a total of 1,756 square feet. The price per square foot stands at $1,406.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,470,000
- Address: 2627 South Bayshore Drive Unit 606
- Market: Miami
- Square Footage: 1,756
- Price Per Square Foot: $1,406
- Buyer: Barry & Linda Meadows
- Seller: Deborah & Bruce Snyder
- Broker: Ali Seid - Compass
This transaction was facilitated by broker Ali Seid, representing the buyers, Barry and Linda Meadows, in this deal with sellers Deborah and Bruce Snyder. The closing reflects effective collaboration in the property market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$131,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,775.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,709.06
Annual Debt Service$140,508.72
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