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
About this deal
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.
On the Map
$4,300,000
$1,825/SF
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Miami Beach CRE Market Snapshot
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Deal FAQ
About $1.8K per square foot on a published $4.3M for 2,355 square feet (2022).
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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