David Pulley Of Douglas Elliman Brokers $4.5M Condo Sale In Miami Beach
SOLD
$4,500,000
Florida
See Similar DealsCondo1,938 SF
Sold 05/28/2024
SOLD
David Pulley Of Douglas Elliman Brokers $4.5M Condo Sale In Miami Beach
120 Ocean Drive
See Similar DealsCondo1,938 SF
Sold 05/28/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,322
Total Square Footage:1,938 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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