David Ortiz Purchases Condo At Ora By Casa Tua From Edgardo Defortuna And Miky Grendene
1210 Brickell Avenue
Building Size
2,297 SF
Asset Type
Condo
Closing
Jun 6, 2025
About this deal
AI
A three-bedroom condo is under contract at 1210 Brickell Avenue, Miami, spanning an area of 2,297 square feet with an additional 472-square-foot terrace. The property is located in the Ora by Casa Tua, a 77-story branded residential tower developed by Fortune International Group and Casa Tua founder Miky Grendene. Amenities include two pools, four Casa Tua restaurant concepts, and a rooftop bar that offers views of Biscayne Bay.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: Under Contract
- Address: 1210 Brickell Avenue
- Market: Miami
- Buyer: David Ortiz
- Seller: Edgardo Defortuna - Fortune International Group
- Seller: Miky Grendene - Casa Tua
This transaction involves prominent figures from the real estate and culinary sectors, with Edgardo Defortuna representing Fortune International Group and Miky Grendene associated with Casa Tua. David Ortiz, a notable buyer, is acquiring this unit in the sought-after downtown Miami area.
Players
Miami Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93