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321 Ocean Drive

Sergio Diniz Nogueira Of Silver Dust Corp Acquires Condo In Miami Beach For $7.25M
SOLDCondo

Sergio Diniz Nogueira Of Silver Dust Corp Acquires Condo In Miami Beach For $7.25M

321 Ocean Drive

$7,250,000

$2,246/SF

Building Size

3,227 SF

Asset Type

Condo

Closing

Apr 30, 2024

AI

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.

Players

David Pulley

Sotheby's International Realty

Broker

$67.3M

vol

14 deals

Broker

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

2.19%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93