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Jamie Lowsky Acquires Miami Beach Condo From David Arditi For $4.2M

Property Image
SOLD
$4,225,000
Selen Arditi
Ivan Chorney
Michael Martirena
+ 1

Florida

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2,704 SF
Sold 09/30/2021
the dealplayerscompscontact
Property Image
SOLD

Jamie Lowsky Acquires Miami Beach Condo From David Arditi For $4.2M

321 Ocean Drive, Miami Beach, FL, USA

See Similar Deals
2,704 SF
Sold 09/30/2021
Selen Arditi
Ivan Chorney
Michael Martirena
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Price Per Square Foot:$1,562
Total Square Footage:2,704 SF
Transaction Type:Sale

Located at 321 Ocean Drive, PH 502 in Miami Beach, this condo was recently sold in a closed transaction. The property features a total area of 2,704 square feet and is part of the luxury development at 321 Ocean Drive. The sale took place on September 30, 2021.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $4,225,000
  • Square Footage: 2,704
  • Price per Square Foot: $1,563
  • Market: Miami Beach

The buyer in this transaction is Jamie Lowsky, while David Arditi served as the seller. The deal was facilitated by the following brokers: Selen Arditi from Compass Fl, and Ivan Chorney and Michael Martirena from Ivan & Mike Team at Compass.

Players

Michael Martirena
Compass
Michael Martirena
25 deals$317.5M volume(561) 310-3009
BROKER
Ivan Chorney
Compass
Ivan Chorney
27 deals$337M volume
BROKER
Selen Arditi
Compass
Selen Arditi
10 deals$49.7M volume
BROKER
DA
David Arditi
3 deals$96.1M volume
SELLER

Details

SOLD
IMAGE: Selen Arditi DATE: 09/30/2021 ADDRESS: 321 Ocean Drive, PH 502 MARKET: Miami Beach ASSET TYPE: Condo BUYER: Jamie Lowsky SELLER: David Arditi BROKERS: Selen Arditi (@SelenArditi) - Compass Fl (@CompassFl); Ivan Chorney & Michael Martirena - Ivan & Mike Team (@OnlyMiamiLuxury) - Compass SALE PRICE: $4,225,000 SF: 2,704 ~ PPSF: $1,563

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$225,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,010.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,028.66
Annual Debt Service$240,343.87