Marcello Alonso Of Compass Represents Buyer In Sale Of Miami Condo For $5.35M
3581 East Glencoe Street
$5,350,000
$1,376/SF
Building Size
3,886 SF
Asset Type
Condo
Closing
Oct 28, 2026
About this deal
AI
The asset involved in this transaction is a condo located at 3581 East Glencoe Street Unit 605 in the Miami market. The property has a total square footage of 3,886 and was sold for $5,350,000, resulting in a price per square foot of $1,376.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $5,350,000
- Square Footage: 3,886
- Price Per Square Foot: $1,376
- Address: 3581 East Glencoe Street Unit 605
- Market: Miami
- Buyer's Representative: Marcello Alonso - Compass
- Seller's Representative: Ismael Moreira - Cervera Real Estate
Marcello Alonso represented the buyer in this transaction while Ismael Moreira represented the seller. Both brokers are affiliated with reputable real estate firms, with Alonso working for Compass and Moreira with Cervera Real Estate, reflecting their roles in facilitating the deal.
On the Map
$5,350,000
$1,376/SF
Condo
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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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93