Greg Mirmelli Acquires Condo At 1000 S Pointe Dr Miami Beach For $5.9M
1000 South Pointe Dr, Miami Beach, FL, USA
$5,900,000
$1,753/SF
Building Size
3,365 SF
Asset Type
—
Closing
Mar 14, 2021
AI
Located at 1000 S Pointe Dr in Miami Beach, this recently sold condo is a prime asset in the real estate market. The property spans over 3,365 square feet and was sold for a total price of $5,900,000. The sale price per square foot comes to approximately $1,753. The transaction took place on March 15, 2021.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,900,000
- Address: 1000 S Pointe Dr, Miami Beach
- Square Footage: 3,365
- Price Per Square Foot: $1,753
Greg Mirmelli acted as the buyer in this transaction, while Shay Kostiner was the seller. Greg Mirmelli was represented by his own company, Wide Bay Luxury II, Inc., as his buyer's representative. On the other hand, Stacy Robins, from Stacy Robins Companies, Inc., served as the seller's representative.
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93