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300 South Pointe Drive, Mia...

Fred Voccola Acquires Portofino Tower Condo In Miami Beach For $4.3M
SOLD

Fred Voccola Acquires Portofino Tower Condo In Miami Beach For $4.3M

300 South Pointe Drive, Miami Beach, Florida 33139, United States

$4,300,000

$1,825/SF

Building Size

2,355 SF

Asset Type

Closing

Aug 28, 2022

AI

Located at 300 S Pointe Dr Unit 1105 in Portofino Tower, this condo in Miami Beach was recently sold. The transaction took place on August 29, 2022, with a sale price of $4,300,000. The condo spans 2,355 square feet, resulting in a price per square foot of $1,826. The buyer in this deal was Fred Voccola, while the seller was Zena M Dickstein TRS. Representing the buyer was Samantha Scalzo from S&S Global, and representing the seller was Dora Puig from Luxe Living Realty.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $4,300,000
  • Address: 300 S Pointe Dr Unit 1105 - Portofino Tower
  • Market: Miami Beach
  • Buyer: Fred Voccola
  • Seller: Zena M Dickstein TRS
  • Brokers: Samantha Scalzo - S&S Global; Dora Puig - Luxe Living Realty
  • Total Square Feet: 2,355
  • Price per Square Foot: $1,826

The transaction involved several key individuals and companies. Samantha Scalzo from S&S Global and Dora Puig from Luxe Living Realty were the brokers representing the buyer and seller, respectively. With this successful sale in Miami Beach, the new owner, Fred Voccola, can now enjoy the luxury and convenience offered by this condo in Portofino Tower.

Players

Dora Puig

Luxe Living Realty

Broker

$1.4B

vol

87 deals

Broker
Luxury Living Realty
Luxury Living RealtyBrokerage

Fred Voccola

Buyer

$4.3M

vol

2 deals

Buyer

Zena M Dickstein

TRS

Seller

$4.3M

vol

2 deals

Seller

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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93