Isabel Castro Acquires Condo In Coconut Grove For $7.6M
SOLD
$7,600,000
Florida
See Similar DealsCondo4,647 SF
Sold 01/09/2023
SOLD
Isabel Castro Acquires Condo In Coconut Grove For $7.6M
2675 South Bayshore Drive
See Similar DealsCondo4,647 SF
Sold 01/09/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,635
Total Square Footage:4,647 SF
Transaction Type:Sale
A luxury condo located at 2675 S Bayshore Dr Unit 901-S in Coconut Grove has recently been sold for a staggering price of $7,600,000. This impressive property spans across 4,647 square feet, offering ample space for residents to enjoy. With a price per square foot of $1,635, this condo showcases the high-end nature of the Coconut Grove market.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,600,000
- Address: 2675 S Bayshore Dr Unit 901-S
- Market: Coconut Grove
The deal was facilitated by Isabel Castro from BHHS EWM Realty, representing the buyer, and Sandra Masis from Cervera Real Estate Inc., representing the seller. Both brokers played a crucial role in ensuring a successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$405,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53
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