facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

All

/

Sale

/

1000 South Pointe Dr, Miami...

Bill Hessert Acquires Miami Beach Condo For $2.45M With Buyer's Rep Carlo Gambino & Seller's Rep Matias Derito Conway
SOLD

Bill Hessert Acquires Miami Beach Condo For $2.45M With Buyer's Rep Carlo Gambino & Seller's Rep Matias Derito Conway

1000 South Pointe Dr, Miami, FL, USA

$2,450,000

$1,118/SF

Building Size

2,190 SF

Asset Type

Closing

Apr 5, 2021

AI

A condominium located at 1000 S. Pointe Dr. Apt 504 in Miami Beach has been sold. The transaction took place on 04/06/2021. The condo spans over an area of 2,190 square feet and was sold for a price of $2,450,000, resulting in a price per square foot of $1,119. The property was purchased by Bill Hessert from Cachagua Productions Holdings Inc.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $2,450,000
  • Address: 1000 S. Pointe Dr. Apt 504, Miami Beach
  • Market: Miami Beach

The buyer, Bill Hessert, acquired the condo, while Carlo Gambino from Douglas Elliman represented him as the buyer's representative in the deal. On the other side, Matias Derito Conway from HQ International Realty Group acted as the seller's representative for Cachagua Productions Holdings Inc.

Note: No additional information is available regarding financing, specific property details, or any other relevant parties involved in the transaction.

Players

Carlo Gambino

Douglas Elliman

Broker

$2.5M

vol

1 deal

Broker

Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93