Marcello Agostini Of AG Real Estate Advisors Represents Seller In $8.525M Miami Condo Sale
2669 South Bayshore Drive
$8,525,000
$1,584/SF
Building Size
5,380 SF
Asset Type
Condo
Closing
Oct 10, 2024
AI
The property asset involved in the transaction is a condo located at 2669 South Bayshore Drive Unit 1703N in the Miami market. It was sold for a price of $8,525,000, encompassing a total area of 5,380 square feet. The price per square foot amounts to $1,584.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,525,000
- Square Footage: 5,380
- Price per Square Foot: $1,584
- Buyer's Representative: David Cabarrocas - Jills Zeder Group
- Seller's Representative: Marcello Agostini - AG Real Estate Advisors
The deal features David Cabarrocas representing the buyer, while Marcello Agostini serves as the representative for the seller. Both individuals are associated with their respective real estate agencies, facilitating the transaction of this high-value property.
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
1.86%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93