Mindy Dehnert Acquires South Of Fifth Condo For $9M
SOLD
$9,000,000
Florida
See Similar Deals3,745 SF
Sold 06/07/2022
SOLD
Mindy Dehnert Acquires South Of Fifth Condo For $9M
321 Ocean Drive, Miami Beach, Florida 33139, United States
See Similar Deals3,745 SF
Sold 06/07/2022
Summary
FLORIDA
Price Per Square Foot:$2,403
Total Square Footage:3,745 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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