Jamie Lowsky Acquires Miami Beach Condo From David Arditi For $4.2M
321 Ocean Drive, Miami Beach, FL, USA
$4,225,000
$1,562/SF
Building Size
2,704 SF
Asset Type
—
Closing
Sep 30, 2021
AI
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
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
3.75%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93