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1000 South Pointe Drive, Mi...

Douglas Elliman Represents $3.5M Condo Sale In SoFi, Miami Beach
SOLD

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

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.

Players

Dina Goldentayer

Douglas Elliman

Broker

$1.6B

vol

92 deals

Broker
Coldwell Banker
Coldwell BankerBrokerage

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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93