Minh Pham Acquires Condo On Ocean Drive, Miami Beach For $1.1M
1330 Ocean Drive
$1,105,000
$681/SF
Building Size
1,622 SF
Asset Type
Condo
Closing
Nov 16, 2023
About this deal
AI
A 1,622 square foot condo located at 1330 Ocean Drive in Miami Beach has been sold for $1,105,000. The property was purchased by Minh Pham.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,105,000
- Address: 1330 Ocean Drive, Miami Beach
- Square Footage: 1,622
Maggi Realty Group represented the buyer, Minh Pham, in the transaction. The seller, Scarlet Fire, was represented by Maria Corina Sosa from Compass.
The condo sale at 1330 Ocean Drive in Florida sold for $1.1M in 2023. The building is 1,622 square feet, implying about 681 per square foot on the published price. Vanessa Maggi, Maria Corina Sosa, Compass, Maggi Realty Group appear on the sale alongside Compass, Maggi Realty Group. This page is the Florida file for the 1330 Ocean Drive condo sold: pricing, party profiles, and other closed condo comps from the same Florida sit in the Market section below. Filter that local condo set by closing date to see what else sold near 1330 Ocean Drive around 2023. Published consideration for 1330 Ocean Drive is $1.1M, dated 2023. Cite this Minh Pham Acquires Condo On Ocean Drive, Miami Beach For $1.1M sale when underwriting similar condo product around Florida.
On the Map
$1,105,000
$681/SF
Condo
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Deal FAQ
About $681 per square foot on a published $1.1M for 1,622 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.36%
Cash-on-Cash
-4.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93