SOLDCondo
David Pulley Of Douglas Elliman Brokers $4.5M Condo Sale In Miami Beach
120 Ocean Drive
$4,500,000
$2,322/SF
Building Size
1,938 SF
Asset Type
Condo
Closing
May 28, 2024
AI
A condo located at 120 Ocean Drive in Miami Beach, specifically in the South of Fifth area, was recently sold for $4,500,000. The property spans 1,938 square feet with a price per square foot of $2,322.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,500,000
- Address: 120 Ocean Drive, Miami Beach | South of Fifth
- Square Footage: 1,938
- Price per Square Foot: $2,322
- Buyer & Seller's Representative: David Pulley - Douglas Elliman
David Pulley from Douglas Elliman represented both the buyer and the seller in this property transaction.
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93