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
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
Boundary boundary · Condo · Sale transactions
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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