ONE Sotheby's International Realty Acquires Condo On 125 Ocean Dr, Miami Beach For $10.5M
125 Ocean Drive, Miami Beach, Florida 33139, United States
$12,000,000
$1,923/SF
Building Size
6,240 SF
Asset Type
—
Closing
Jan 9, 2022
About this deal
AI
An oceanfront condo located at 125 Ocean Dr in Miami Beach has recently been sold for $10,500,000. The property spans 4,068 square feet and is priced at approximately $2,581 per square foot.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $10,500,000
- Address: 125 Ocean Dr, Miami Beach
- Square Footage: 4,068
- Price per Square Foot: $2,581
The buyer's representatives in this deal were Reid Heidenry and Marko Gojanovic from ONE Sotheby's International Realty. On the other hand, the seller was represented by Oren Alexander and Isaac Lustgarten from The Alexander Team.
On the Map
$12,000,000
$1,923/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93