Peter & Michelene McClennen Acquire Coconut Grove Condo For $3.165M
SOLD
$3,165,000
Florida
See Similar DealsCondo2,868 SF
Sold 10/26/2021
SOLD
Peter & Michelene McClennen Acquire Coconut Grove Condo For $3.165M
2669 South Bayshore Drive, Northeast Coconut Grove, Miami, FL, USA
See Similar DealsCondo2,868 SF
Sold 10/26/2021
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,103
Total Square Footage:2,868 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,244.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,003.71
Annual Debt Service$180,044.58
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