Mindy Dehnert Acquires South Of Fifth Condo For $9M
321 Ocean Drive, Miami Beach, Florida 33139, United States
$9,000,000
$2,403/SF
Building Size
3,745 SF
Asset Type
—
Closing
Jun 6, 2022
AI
Located at 321 Ocean Dr, BH200 in the South of Fifth neighborhood of Miami Beach, this condo transaction took place on 06/07/2022. The property spans a total of 3,745 square feet, with a price per square foot of $2,403. The sale price for this transaction was $9,000,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,000,000
- Address: 321 Ocean Dr, BH200
- Market: South of Fifth, Miami Beach
Mindy Dehnert purchased this condo, while Stephen Macricostas was the seller. Mindy Dehnert was represented by Seth Feuer from Compass Florida, and Stephen Macricostas was represented by David Pulley from Douglas Elliman.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93