Douglas Elliman Represents $3.5M Condo Sale In SoFi, Miami Beach
1000 South Pointe Drive, Miami Beach, Florida 33139, United States
$3,500,000
$1,336/SF
Building Size
2,618 SF
Asset Type
—
Closing
Jan 24, 2022
About this deal
AI
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.
On the Map
$3,500,000
$1,336/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93