Ocean Drive Clevelander Inc Acquires Condo On 1330 Ocean Drive In Miami Beach For $5.25M
1330 Ocean Drive R9a
$5,250,000
$1,704/SF
Building Size
3,080 SF
Asset Type
Condo
Closing
May 5, 2023
About this deal
AI
This off-market condo is located at 1330 Ocean Drive in Miami Beach. It was sold for $5,250,000, encompassing a total square footage of 3,080, which translates to a price per square foot of $1,705.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $5,250,000
- Address: 1330 Ocean Drive, Miami Beach
- Square Footage: 3,080
- Price Per Square Foot: $1,705
- Buyer: Ocean Drive Clevelander Inc - Anthony J. Karpawich
- Seller: Scarlet Begonias
- Broker: Maria Corina Sosa - Compass
The transaction involved the buyer, Ocean Drive Clevelander Inc, represented by Anthony J. Karpawich. The property was listed by seller Scarlet Begonias with broker Maria Corina Sosa from Compass, facilitating the sale in a closed transaction.
On the Map
$5,250,000
$1,704/SF
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93