facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Condo

/

Sale

/

301 Ocean Drive

Lawrence Berlyn Sells 301 Ocean Drive Condo In Miami Beach For $1.245M
SOLDCondo

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

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:

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.

Players

David Hunt Solomon

Coldwell Banker

Broker

$186.9M

vol

29 deals

Broker

Miami Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

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