facebook
Traded Co logo
Submit

Greg Mirmelli Acquires Condo At 1000 S Pointe Dr Miami Beach For $5.9M

Property Image
SOLD
$5,900,000

Florida

See Similar Deals
3,365 SF
Sold 03/15/2021
the dealplayerscompscontact
Property Image
SOLD

Greg Mirmelli Acquires Condo At 1000 S Pointe Dr Miami Beach For $5.9M

1000 South Pointe Dr, Miami Beach, FL, USA

See Similar Deals
3,365 SF
Sold 03/15/2021
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Price Per Square Foot:$1,753
Total Square Footage:3,365 SF
Transaction Type:Sale

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.

Players

Stacy Robins
Stacy Robins Companies
Stacy Robins
11 deals$145.8M volume(305) 710-6511
BROKER

Details

SOLD
IMAGE: Stacy Robins & Greg Mirmelli DATE: 03/15/2021 ADDRESS: 1000 S Pointe Dr MARKET: Miami Beach ASSET TYPE: Condo BUYER: Greg Mirmelli SELLER: Shay Kostiner BUYER'S REP: Greg Mirmelli - Wide Bay Luxury II, Inc. SELLER'S REP: Stacy Robins - Stacy Robins Companies, Inc. PRICE: $5,900,000 SF: 3,365 ~ PPSF: $1,753

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$314,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12