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2627 South Bayshore Drive

Barry & Linda Meadows Purchase Condo At 2627 South Bayshore Drive For $2.47M With Broker Ali Seid
SOLDCondo

Barry & Linda Meadows Purchase Condo At 2627 South Bayshore Drive For $2.47M With Broker Ali Seid

2627 South Bayshore Drive

$2,470,000

$1,406/SF

Building Size

1,756 SF

Asset Type

Condo

Closing

Mar 31, 2025

AI

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.

Players

Ali Seid

Compass

Broker

$34.4M

vol

9 deals

Broker

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.42%

Cash-on-Cash

-1.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93