Carole Smith & Cristina Formosa Broker $13M Sale Of Miami Penthouse At Mr. C Residences
2655 South Bayshore Drive
$13,000,000
Building Size
—
Asset Type
Condo
Closing
Sep 4, 2024
AI
A penthouse at 2655 South Bayshore Drive Unit LPH01 in Miami's Mr. C Residences sold for $13 million. This luxury condo features expansive panoramic views and world-class amenities, defining a sophisticated lifestyle in Coconut Grove.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $13,000,000
- Address: 2655 South Bayshore Drive Unit LPH01
- Market: Miami
- Brokers: Carole Smith & Cristina Formosa - Compass
The transaction was facilitated by Carole Smith and Cristina Formosa, both representatives from Compass. They played a vital role in the successful completion of this sale within the competitive Miami real estate market.
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93