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2655 South Bayshore Drive

Astrid Miniet Of Robert Slack Represents Buyer In $7M Condo Sale At 2655 South Bayshore Drive
SOLDCondo

Astrid Miniet Of Robert Slack Represents Buyer In $7M Condo Sale At 2655 South Bayshore Drive

2655 South Bayshore Drive

$7,000,000

$2,578/SF

Building Size

2,715 SF

Asset Type

Condo

Closing

Sep 27, 2024

AI

The condo located at 2655 South Bayshore Drive Unit 1501 is situated in the Miami market. This property was sold for a price of $7,000,000, encompassing a total area of 2,715 square feet, resulting in a price per square foot of $2,578.

Summary of transaction details:

The transaction involved significant representation, with Astrid Miniet representing the buyer while Daniel Tzinker and Amelia Todd represented the seller through The Agency. Each representative played a crucial role in facilitating the sale of this property in the competitive Miami market.

Players

Daniel Tzinker

The Agency

Broker

$156M

vol

24 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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93