Lawrence Berlyn Sells 301 Ocean Drive Condo In Miami Beach For $1.245M
301 Ocean Drive
$1,245,000
$1,945/SF
Building Size
640 SF
Asset Type
Condo
Closing
Mar 22, 2024
About this deal
AI
Located at 301 Ocean Drive in Miami Beach, this property is a condominium with 640 square feet. The transaction, which took place on 03/22/2024, involved a sale price of $1,245,000, equating to a price per square foot of $1,945.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $1,245,000
- Address: 301 Ocean Drive Miami Beach
- Square Footage: 640
- Seller: Lawrence Berlyn
- Buyer's Rep: Gary Hennes (GaryHennesRealtors) - Gary Hennes Realtors
- Seller's Rep: David Hunt Solomon & Jacqueline Oliva - Berkshire Hathaway HomeServices
David Hunt Solomon and Jacqueline Oliva from Berkshire Hathaway HomeServices represented the seller, Lawrence Berlyn, while the buyer, whose representative was Gary Hennes from Gary Hennes Realtors, purchased the property at 301 Ocean Drive in Miami Beach for $1,245,000. The transaction had a price per square foot of $1,945 and was finalized on 03/22/2024.
On the Map
$1,245,000
$1,945/SF
Condo
View full map
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
About $1.9K per square foot on a published $1.2M for 640 square feet (2024).
Visit Gary Hennes to view all their deals.
Browse Miami Beach condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.74%
Cash-on-Cash
-3.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93