Peter & Michelene McClennen Acquire Coconut Grove Condo For $3.165M
2669 South Bayshore Drive, Northeast Coconut Grove, Miami, FL, USA
$3,165,000
$1,103/SF
Building Size
2,868 SF
Asset Type
Condo
Closing
Oct 26, 2021
About this deal
AI
A condo located at 2669 South Bayshore Drive Unit 501N in Coconut Grove has been sold. The property, with a total area of 2,868 square feet, was listed for sale at an asking price of $3,200,000. The sale was finalized at a price of $3,165,000, resulting in a price per square foot of $1,104. The transaction took place on October 26, 2021.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $3,165,000
- Address: 2669 South Bayshore Drive Unit 501N, Coconut Grove
- Market: Coconut Grove
The buyer of the condo was Peter & Michelene McClennen, while the seller was Nicolas Mangieri. The transaction was facilitated by brokers Sandra Masis from Cervera Real Estate and Renier Casanova from Compass.
On the Map
$3,165,000
$1,103/SF
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.01%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93