Elisabeth Gazay And Marine Lavaud Of Douglas Elliman Represent Buyer In Miami Beach Condo Sale For $6.1M
1455 Ocean Drive
$6,100,000
$2,163/SF
Building Size
2,820 SF
Asset Type
Condo
Closing
Aug 21, 2024
About this deal
AI
The property asset involved in this transaction is a condo located at 1455 Ocean Drive Unit 1008, Miami Beach. The asking price for the condo was $6,375,000, and it sold for $6,100,000. The total square footage of the unit is 2,820, which gives it a price per square foot of $2,163.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,100,000
- Address: 1455 Ocean Drive Unit 1008
- Market: Miami Beach
- Square Footage: 2,820
- Price per Square Foot: $2,163
- Buyer's Representative: Elisabeth Gazay & Marine Lavaud - Douglas Elliman
- Seller's Representative: Nancy Batchelor - Compass
This transaction involved key representatives from two real estate agencies. Elisabeth Gazay and Marine Lavaud represented the buyer, while Nancy Batchelor represented the seller, highlighting the collaboration between Douglas Elliman and Compass in facilitating this sale.
On the Map
$6,100,000
$2,163/SF
Condo
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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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93