Karen Riano Represents Buyer In $8.99M Sale Of Miami Condo From CMC Group & Fort Partners
2699 South Bayshore Drive
$8,990,000
$2,887/SF
Building Size
3,114 SF
Asset Type
Condo
Closing
Aug 19, 2025
About this deal
AI
The property involved in this transaction is a condo located at 2699 South Bayshore Drive Unit 1203 in Miami. The sale price for this condo is $8,990,000, boasting a total area of 3,114 square feet, resulting in a price per square foot of $2,886.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,990,000
- Square Footage: 3,114
- Price Per Square Foot: $2,886
- Seller: CMC Group & Fort Partners
- Buyer's Representative: Karen Riano
- Market: Miami
The transaction was managed by Karen Riano, who represented the buyer in this deal. CMC Group and Fort Partners were the entities selling the property, indicating a collaboration between notable companies within the real estate sector.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93