Gary Brecka Purchases Condo At 2669 South Bayshore Drive For $19.5M With Brokers Lisandra Martinez And Chad Carroll
2669 South Bayshore Drive
$19,500,000
$1,772/SF
Building Size
11,000 SF
Asset Type
Condo
Closing
Aug 16, 2024
AI
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.
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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93