Brendan Kerr Acquires Condo In Coconut Grove For $4.5 Million With Broker Glenn Rivera
2821 South Bayshore Drive
$4,500,000
$2,303/SF
Building Size
1,954 SF
Asset Type
Condo
Closing
Apr 30, 2026
About this deal
AI
The property involved in this transaction is a condo located at 2821 South Bayshore Drive Unit 15C in the Coconut Grove market. The asset sold for $4,500,000 and boasts a square footage of 1,954, with a price per square foot of $2,302.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,500,000
- Address: 2821 South Bayshore Drive Unit 15C
- Market: Coconut Grove
- Square Footage: 1,954
- Price per Square Foot: $2,302
- Buyer: Brendan Kerr
- Buyer's Representative: Glenn Rivera - The Agency RE, LLC
The transaction was represented by Glenn Rivera from The Agency RE, LLC, acting on behalf of the buyer Brendan Kerr, ensuring the deal's successful conclusion in the Coconut Grove area.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.3K per square foot on a published $4.5M for 1,954 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93