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500 Brickell Key Drive

Mandarin Oriental Miami Sells Condo At 500 Brickell Key Drive PH2 For $49.9M
SOLDCondo

Mandarin Oriental Miami Sells Condo At 500 Brickell Key Drive PH2 For $49.9M

500 Brickell Key Drive

$49,900,000

$6,283/SF

Building Size

7,942 SF

Asset Type

Condo

Closing

Mar 20, 2026

AI

This transaction involves a condo located at 500 Brickell Key Drive PH2 in Miami, which is listed at a sale price of $49,900,000. The asset consists of 7,942 square feet and is priced at a per square foot rate of $6,283.

Summary of transaction details:

The deal is represented by Ivan Chorney, Michael Martirena, and Haydar Alchalaby from Compass, alongside Felipe Munoz from MILLION Realty. It is noted that MILLION Realty acts as a strategic partner of the Ivan and Mike Team at Compass Florida.

Players

Michael Martirena

Compass

Broker

$317.5M

vol

25 deals

Broker
MM
Mandarin Oriental MiamiSeller

Miami 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

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93