Carlos Pena Of MAK Realty Group Represents Buyer In Miami Condo Sale For $3,384,500
2700 Northwest 2nd Avenue
$3,384,500
$1,422/SF
Building Size
2,380 SF
Asset Type
Condo
Closing
May 18, 2026
About this deal
AI
The property involved in this transaction is a condo located at 2700 Northwest 2nd Avenue, Miami. It was sold for $3,384,500, featuring a total square footage of 2,380 and a price per square foot of $1,422.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,384,500
- Square Footage: 2,380
- Price per Square Foot: $1,422
- Buyer’s Representative: Carlos Pena - MAK Realty Group
- Market: Miami
All five units purchased in this transaction will be managed post-closing by MAK Vacation Rentals, the affiliated property management arm of MAK Realty Group. The buyers successfully acquired the units and placed them into rental operation through a single firm. Notably, NoMad Residences Wynwood allows short-term rentals and the units are delivered fully furnished.
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
4.69%
Cash-on-Cash
-1.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93