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321 Ocean Drive, Miami Beac...

Mindy Dehnert Acquires South Of Fifth Condo For $9M
SOLD

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

David Pulley

Sotheby's International Realty

Broker

$67.3M

vol

14 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Stephen Macricostas

Seller

$16.2M

vol

2 deals

Seller

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