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
About this deal
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.
On the Map
$2,470,000
$1,406/SF
Condo
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Players
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