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125 Ocean Dr, Miami Beach, ...

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

$15,060,000

$2,506/SF

Building Size

6,009 SF

Asset Type

Closing

Feb 23, 2021

AI

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

Compass

Broker

$1.7B

vol

84 deals

Broker

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

1.05%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93