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1000 South Pointe Dr, Miami...

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

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.

Players

Stacy Robins

Stacy Robins Companies

Broker

$145.8M

vol

11 deals

Broker

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