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Chad Carroll Acquires Miami Beach Condo For $15.1M With Seller's Rep Paola Marulanda & Laura Roxanna Garcia

Property Image
SOLD
$15,060,000

Florida

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6,009 SF
Sold 02/24/2021
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Property Image
SOLD

Chad Carroll Acquires Miami Beach Condo For $15.1M With Seller's Rep Paola Marulanda & Laura Roxanna Garcia

125 Ocean Dr, Miami Beach, FL, USA

See Similar Deals
6,009 SF
Sold 02/24/2021
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Summary

FLORIDA
Price Per Square Foot:$2,506
Total Square Footage:6,009 SF
Transaction Type:Sale

Located at 125 Ocean Dr in Miami Beach, this condo property was recently sold in a closed transaction. The sale took place on February 24, 2021, and involved a total sale price of $15,060,000. The condo spans a generous 6,009 square feet, resulting in a price per square foot of $2,506. The property is a stunning example of luxury living in Miami Beach.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $15,060,000
  • Address: 125 Ocean Dr, Miami Beach
  • Square Footage: 6,009
  • Price per Square Foot: $2,506

In this transaction, the buyer was represented by Chad Carroll from Compass. On the other hand, the sellers, Paola Marulanda and Laura Roxanna Garcia, were represented by ONE Sotheby's International Realty. With these reputable representatives involved, it is clear that all parties were ensured exceptional service throughout the deal. The successful outcome of this transaction highlights the expertise and professionalism of these agents.

Players

Chad Carroll
83 deals$1.7B volume(305) 400-9507
BROKER

Paola Marulanda
Sotheby's International Realty
7 deals$137M volume
BROKER

Laura Roxanna Garcia
Sotheby's International Realty
1 deal$15.1M volume
BROKER

Details

SOLD
IMAGE: Paola Marulanda, Laura Roxanna Garcia & Chad Carroll DATE: 02/24/2021 ADDRESS: 125 Ocean Dr -0201 MARKET: Miami Beach ASSET TYPE: Condo BUYER'S REP: Chad Carroll - Compass SELLER'S REP: Paola Marulanda & Laura Roxanna Garcia - ONE Sotheby’s International Realty PRICE: $15,060,000 SF: 6,009 ~ PPSF: $2,506

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$803,200.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$53,504.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,392.08
Annual Debt Service$856,705.00