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
About this deal
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:
- Property Type: Condo
- Transaction Amount: $22,500,000
- Buyer: Margaret McKillen & Ryan McKillen
- Seller: Deepak Abbhi
- Buyer's Rep: Julian Cohen - Douglas Elliman
- Seller's Rep: Judith Zeder & Nathan Zeder - Coldwell Banker
- Lender: Wells Fargo
- PPSF: $3,462
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.
On the Map
$22,500,000
$3,461/SF
Condo
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Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $3.5K per square foot on a published $22.5M for 6,500 square feet (2025).
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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