Updated Dec 18, 2023
Jessica Mindich Acquires Miami Beach Single Family From Shareef Malnik For $9.6M
222 Ocean Drive, Miami Beach, FL, USA
$9,600,000
$1,360/SF
Building Size
7,056 SF
Asset Type
Single Family Residence
Closing
May 9, 2021
About this deal
AI
The single-family property located at 222 Ocean Drive in Miami Beach has been sold in a recent transaction. The property spans 7,056 square feet and was sold for a total price of $9,600,000, resulting in a price per square foot of $1,361. The sale took place on 05/10/2021.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,600,000
- Address: 222 Ocean Drive
- Market: Miami Beach
The buyers of the property are Jessica Mindich from Caliber Collection and Mark Mindich from Meritage Group. The seller of the property is Shareef Malnik. The deal was facilitated by Eloy Carmenate and Mick Duchon, representatives from The Corcoran Group.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $9.6M for 7,056 square feet (2021).
Visit Michael (Mick) Duchon to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93