Gary Brecka Purchases Condo At 2669 South Bayshore Drive For $19.5M With Brokers Lisandra Martinez And Chad Carroll
SOLD
$19,500,000
Florida
See Similar DealsCondo11,000 SF
Sold 08/16/2024
SOLD
Gary Brecka Purchases Condo At 2669 South Bayshore Drive For $19.5M With Brokers Lisandra Martinez And Chad Carroll
2669 South Bayshore Drive
See Similar DealsCondo11,000 SF
Sold 08/16/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,772
Total Square Footage:11,000 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 2669 South Bayshore Drive Unit LPH-N in Miami. The asking price for the property was $19,000,000, while it was sold for $19,500,000. The condo encompasses a total area of 11,000 square feet, resulting in a price per square foot of $1,772.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $19,500,000
- Buyer: Gary Brecka
- Seller: LPH Grove Grand Bay
- Brokers: Lisandra Martinez @Lisandramansions) & Chad Carroll - Compass
- Date of Transaction: 08/16/2024
Lisandra Martinez and Chad Carroll played key roles as the broker representatives for this transaction, facilitating the sale between the buyer and seller. Their involvement contributed to the successful closure of this high-value real estate deal in the Miami market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,039,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$69,279.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,439.95
Annual Debt Service$1,109,279.38
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