Coldwell Banker Realty Acquires Miami Beach Condo For $6.35M
100 South Pointe Dr, Miami, FL, USA
$6,350,000
$2,531/SF
Building Size
2,508 SF
Asset Type
—
Closing
May 12, 2021
AI
The recently closed transaction involves a condominium property located at 100 S Pointe Dr in Miami Beach. The condo spans 2,508 square feet and was sold for a total price of $6,350,000, which translates to a price per square foot of $2,531.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,350,000
- Address: 100 S Pointe Dr, Miami Beach
- Square Footage: 2,508 sqft
- Price per Square Foot: $2,531
The sale was facilitated by two brokers representing the parties involved. Julian Cohen from Coldwell Banker Realty and Sonia Toth from Brown Harris Stevens were the respective representatives in this transaction.
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
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93