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100 South Pointe Drive, Mia...

William J. Roy Acquires Miami Beach Condo For $12.1M With Buyer's Rep Burton Wilkins & Seller's Rep Michelle Sheila Rojas
SOLD

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

Eloy Carmenate

The Corcoran Group

Broker

$584.2M

vol

32 deals

Broker

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