facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

All

/

Sale

/

400 South Pointe Drive, Mia...

Scott Klein Of Insignia International Properties Acquires Miami Beach Condo For $2.05M
SOLD

Scott Klein Of Insignia International Properties Acquires Miami Beach Condo For $2.05M

400 South Pointe Drive, Miami Beach, FL 33139, USA

$2,050,000

$1,314/SF

Building Size

1,559 SF

Asset Type

Closing

Apr 19, 2021

AI

A condo located at 400 S Pointe Dr in Miami Beach was recently sold in a transaction brokered by Scott Klein of Insignia International Properties on behalf of the buyer and Alexander Morhaim and John Lennon of South Pointe Drive Realty representing the seller. The sale took place on April 20, 2021, with a sale price of $2,050,000.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,050,000
  • Asking Price: $2,185,000
  • Square Footage: 1,559
  • Price Per Square Foot: $1,315

The property features 1,559 square feet of space and was sold at a price of $2,050,000, resulting in a price per square foot of $1,315. Scott Klein of Insignia International Properties represented the buyer in the transaction, while Alexander Morhaim and John Lennon of South Pointe Drive Realty acted as the seller's representatives.

Players

Scott Klein

Insignia International Properties

Broker

$41.5M

vol

10 deals

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

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93