Edgewater_One & VanessaGomezRealtor Sell Miami Beach Condo For $7.45M
120 Ocean Drive, Miami Beach, FL 33139
$7,450,000
$2,198/SF
Building Size
3,389 SF
Asset Type
—
Closing
Apr 29, 2021
AI
The property involved in this transaction is a condo located at 120 Ocean Dr in Miami Beach. The sale took place on April 30, 2021, with a selling price of $7,450,000. The condo has a total area of 3,389 square feet, resulting in a price per square foot of $2,198.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,450,000
- Address: 120 Ocean Dr, Miami Beach
- Square Footage: 3,389
- Price per Square Foot: $2,198
The deal was facilitated by brokers Daniel Nault from Edgewater One and Vanessa Gomez from Vanessa Gomez Realtor.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.13%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93