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120 Ocean Drive

David Pulley Of Douglas Elliman Brokers $4.5M Condo Sale In Miami Beach
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.

Players

David Pulley

Sotheby's International Realty

Broker

$67.3M

vol

14 deals

Broker

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