Edgewater_One & VanessaGomezRealtor Sell Miami Beach Condo For $7.45M
SOLD
$7,450,000
Florida
See Similar Deals3,389 SF
Sold 04/30/2021
SOLD
Edgewater_One & VanessaGomezRealtor Sell Miami Beach Condo For $7.45M
120 Ocean Drive, Miami Beach, FL 33139
See Similar Deals3,389 SF
Sold 04/30/2021
Summary
FLORIDA
Price Per Square Foot:$2,198
Total Square Footage:3,389 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$397,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,468.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,316.80
Annual Debt Service$423,801.61
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