Ana Maria Reinhard Acquires Key Biscayne Condo From Dave & Julie McKenna For $8.8M
360 Ocean Drive
$8,800,000
$2,321/SF
Building Size
3,791 SF
Asset Type
Condo
Closing
Mar 5, 2022
About this deal
AI
Located in Key Biscayne, this condominium unit at 360 Ocean Dr unit 501s was recently sold for $8,800,000. The property spans across 3,791 square feet, resulting in a price per square foot of $2,321. The transaction took place on 05/03/2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $8,800,000
- Square Footage: 3,791
- Price per Square Foot: $2,321
- Address: 360 Ocean Dr unit 501s
- Market: Key Biscayne
The buyer of this condo unit is Ana Maria Reinhard, while the sellers are Dave & Julie McKenna. The deal was facilitated by David De Leon from Compass.
Players
Key Biscayne Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.3K per square foot on a published $8.8M for 3,791 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93