William J. Roy Acquires Miami Beach Condo For $12.1M With Buyer's Rep Burton Wilkins & Seller's Rep Michelle Sheila Rojas
100 South Pointe Drive, Miami Beach, FL, USA
$12,125,000
$1,099/SF
Building Size
11,031 SF
Asset Type
—
Closing
Mar 18, 2021
AI
A condo located at 100 S Point Dr. Unit 2803/2804 in Miami Beach has been sold in a recent transaction. The property, measuring 4,777 square feet, was sold for a price of $12,125,000. The asking price for the condo was $12,900,000, resulting in a price per square foot of $2,538.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $12,125,000
- Address: 100 S Point Dr. Unit 2803/2804, Miami Beach
- Market: Miami Beach
The buyer of the condo is William J. Roy, while the seller is Beverly Greene. Representing the buyer were Burton Wilkins and Emily Wilkins from One Sotheby's International Realty. Michelle Sheila Rojas from Brown Harris Stevens represented the seller in the deal.
Overall, this closed transaction involved the sale of a condo in Miami Beach, with William J. Roy acquiring the property from Beverly Greene. The deal was facilitated by Burton Wilkins and Emily Wilkins from One Sotheby's International Realty, representing the buyer, and Michelle Sheila Rojas from Brown Harris Stevens, representing the seller.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93