Eduardo Cofresi Of Cofresi Group Sells Condo At Mandarin Oriental Miami For $7,150,000
Mandarin Oriental Miami
$7,150,000
$1,881/SF
Building Size
3,800 SF
Asset Type
Condo
Closing
Jul 31, 2026
About this deal
AI
A condo located at 500 Brickell Key Drive Unit 3504 in Mandarin Oriental Miami has been sold. The transaction took place at a sale price of $7,150,000. This residence encompasses 2,648 square feet, resulting in a price per square foot of $2,700. The property is situated in the Miami market and is associated with the prestigious Mandarin Oriental brand.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,150,000
- Sale Date: 07/31/2026
- Seller: Swire Properties, US
- Seller’s Representative: Eduardo Cofresi - Cofresi Group
- Buyer’s Representative: Maria Luisa Giammarresi - Interinvestments Realty
- Square Footage: 2,648
- Price Per Square Foot: $2,700
The deal was facilitated by Maria Luisa Giammarresi from Interinvestments Realty, who successfully represented the buyer. Acknowledgments were made to Eduardo Cofresí and the Cofresi Group for their collaboration throughout the transaction, reflecting the professionalism and expertise involved in navigating high-value acquisitions.
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
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93