Sergio Diniz Nogueira Of Silver Dust Corp Acquires Condo In Miami Beach For $7.25M
SOLD
$7,250,000
Florida
See Similar DealsCondo3,227 SF
Sold 04/30/2024
SOLD
Sergio Diniz Nogueira Of Silver Dust Corp Acquires Condo In Miami Beach For $7.25M
321 Ocean Drive
See Similar DealsCondo3,227 SF
Sold 04/30/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,246
Total Square Footage:3,227 SF
Transaction Type:Sale
The property at 321 Ocean Drive Unit 300 in Miami Beach, South of Fifth, is a condo with a selling price of $7,250,000. This property spans 3,227 square feet and was sold at a price per square foot of $2,247.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,250,000
- Buyer: Sergio Diniz Nogueira - Silver Dust Corp
- Broker: David Pulley - Douglas Elliman Florida
- Asking Price: $7,450,000
- Address: 321 Ocean Drive Unit 300
- Market: Miami Beach | South of Fifth
- Square Footage: 3,227
- Price per Square Foot: $2,247
Sergio Diniz Nogueira of Silver Dust Corp was the buyer in this transaction, represented by David Pulley from Douglas Elliman Florida. The deal was closed successfully, with the property changing ownership at $7,250,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,757.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,368.70
Annual Debt Service$412,424.39
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