Juan Ball Of ABS Capital Co. Acquires Oceanfront Penthouse In Key Biscayne For $15.2M
360 Ocean Drive
$15,200,000
$3,191/SF
Building Size
4,762 SF
Asset Type
Condo
Closing
Jan 28, 2025
About this deal
AI
A 4,762-square-foot penthouse located at 360 Ocean Drive Unit LPH2S in Key Biscayne has been sold for $15.2 million. The condo features four bedrooms and 6.5 bathrooms, emphasizing its spacious layout. This property was sold by Andre Szajman’s ACCAA LLC, reflecting the ongoing demand for oceanfront properties in the market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $15,200,000
- Location: 360 Ocean Drive Unit LPH2S, Key Biscayne
- Square Footage: 4,762
- Price Per Square Foot: $3,192
- Buyer: Juan Ball - ABS Capital Co.
- Seller: Andre Szajman - VR Investments
- Buyer's Representative: Florencia Moni - BHHS EWM Realty
- Seller's Representative: Juliana Savoia - Coldwell Banker
Juan Ball, a former Lehman Brothers and Bears Stern banker, acquired the penthouse through Oceana LPH2S LLC. The deal reflects strong sales activity in the luxury segment of oceanfront real estate.
On the Map
$15,200,000
$3,191/SF
Condo
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Players
Key Biscayne 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93