John Gomes Of Douglas Elliman Acquires Miami Beach Condo For $32M From Seller José Isaac Peres - Multiplan Real Estate Management
304 Ocean Drive
$32,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 22, 2023
AI
The Condo located at 304-312 Ocean Drive in Miami Beach has sold for a price of $32,000,000. The property consists of 9 units, with a price per unit of $355,555. The sale took place on March 22, 2023.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $32,000,000
- Address: 304-312 Ocean Drive, Miami Beach
- Market: Miami Beach
John Gomes from Douglas Elliman and Alicia DiMichele from LaScala, along with Rob LaScala from LaScala Restaurant Group, Jim Craigie from Newell Brands, George Tiritidis, and Avi Tryson, purchased the property. The seller was José Isaac Peres from Multiplan Real Estate Management. The deal was facilitated by brokers Nir Perets, Eloy Carmenate, and Mick Duchon from Corcoran Group.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93