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.
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