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
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.
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
5.01%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93