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
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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93