Oceanfront Condo In Miami Beach Sells For $10.5M With Buyer's Rep Reid Heidenry & Marko Gojanovic And Seller's Rep Oren Alexander & Isaac Lustgarten
125 Ocean Drive, Miami Beach, Florida 33139, United States
$10,500,000
$2,581/SF
Building Size
4,068 SF
Asset Type
Condo
Closing
Jul 14, 2022
AI
A luxury condo located at 125 Ocean Dr in Miami Beach has been sold for $10,500,000. The property spans 4,068 square feet and has a price per square foot (PPSF) of $2,581. This stunning condo offers a unique opportunity for luxurious beachfront living.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $10,500,000
- Address: 125 Ocean Dr, Miami Beach
- Square Footage: 4,068
- Price Per Square Foot (PPSF): $2,581
The buyer was represented by Reid Heidenry and Marko Gojanovic from ONE Sotheby's International Realty. On the other hand, the seller was represented by Oren Alexander and Isaac Lustgarten from The Alexander Team. These experienced brokers played a crucial role in facilitating the successful transaction.
Players
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93