Douglas Elliman Represents $3.5M Condo Sale In SoFi, Miami Beach
SOLD
Florida
See Similar Deals2,618 SF
Sold 01/25/2022
SOLD
Douglas Elliman Represents $3.5M Condo Sale In SoFi, Miami Beach
1000 South Pointe Drive, Miami Beach, Florida 33139, United States
See Similar Deals2,618 SF
Sold 01/25/2022
Summary
FLORIDA
Price Per Square Foot:$1,336
Total Square Footage:2,618 SF
Transaction Type:Sale
A condo located at 1000 S Pointe Dr 1203 in the SoFi area of Miami Beach has been sold for a price of $3,500,000. The property spans approximately 6,499 square feet, resulting in a price per square foot of $1,743.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,500,000
- Address: 1000 S Pointe Dr 1203
- Market: SoFi, Miami Beach
- Square Footage: 6,499
The buyer's representative in this transaction was Isaac Lustgarten from the Alexander Team at Douglas Elliman. On the other hand, the seller was represented by Lina Barcelo and Elliot Lee, also from Douglas Elliman.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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