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2669 South Bayshore Drive

Gary Brecka Purchases Condo At 2669 South Bayshore Drive For $19.5M With Brokers Lisandra Martinez And Chad Carroll
SOLDCondo

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:

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

Chad Carroll

Compass

Broker

$1.7B

vol

84 deals

Broker

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