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
About this deal
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:
- Property Type: Condo
- Transaction Amount: $49,900,000
- Address: 500 Brickell Key Drive PH2
- Market: Miami
- Square Footage: 7,942
- Price Per Square Foot: $6,283
- Seller: Mandarin Oriental Miami
- Brokers: Ivan Chorney, Michael Martirena, Haydar Alchalaby - Compass; Felipe Munoz - MILLION Realty
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
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $6.3K per square foot on a published $49.9M for 7,942 square feet (2026).
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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