facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Condo

/

Sale

/

2811 South Bayshore Drive

Margaret And Ryan McKillen Purchase Miami Penthouse From Deepak Abbhi For $22.5M
SOLDCondo

Margaret And Ryan McKillen Purchase Miami Penthouse From Deepak Abbhi For $22.5M

2811 South Bayshore Drive

$22,500,000

$3,461/SF

Building Size

6,500 SF

Asset Type

Condo

Closing

Feb 25, 2025

AI

The property involved in this transaction is a condo located at 2811 South Bayshore Drive PH-A in Miami, which has a total square footage of 6,500 and was sold for $22,500,000. The penthouse is part of a tower that was completed by Terra and Related Group in 2020.

Summary of transaction details:

Ryan McKillen, who was Uber's third hire and a former executive, alongside his wife, interior designer Margaret McKillen, financed the purchase of the penthouse with a $12 million loan from Wells Fargo. The listing of the unit was handled by Judith and Nathan Zeder from Coldwell Banker, contributing to the successful close of this transaction.

Players

Judith Zeder

Coldwell Banker

Broker

$755.1M

vol

36 deals

Broker
Wells Fargo
Wells FargoLender

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93