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50 South Pointe Dr, Miami B...

Giovanni Mancini Of ONE Sotheby's International Represents Seller In $8.6M Miami Beach Condo Sale
SOLD

Giovanni Mancini Of ONE Sotheby's International Represents Seller In $8.6M Miami Beach Condo Sale

50 South Pointe Dr, Miami Beach, FL, USA

$8,600,000

$3,470/SF

Building Size

2,478 SF

Asset Type

Closing

Jun 29, 2021

AI

The property involved in this transaction is a condo located at 50 S Pointe Drive in Miami Beach. The sale of the condo was facilitated by Giovanni Mancini from ONE Sotheby's International. The transaction took place on June 30, 2021, and the selling price for the condo was $8,600,000. The condo has a total area of 3,497 square feet, resulting in a price per square foot of $2,459.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $8,600,000
  • Address: 50 S Pointe Drive, Miami Beach
  • Square Footage: 3,497
  • Price per Square Foot: $2,459
  • Seller's Representative: Giovanni Mancini - ONE Sotheby's International

Giovanni Mancini, from ONE Sotheby's International, played a crucial role in ensuring the success of this deal. For any luxury listings and acquisitions, you can contact Giovanni Mancini at 305.902.0819 or via email at [email protected]. Take the opportunity to make your real estate deals with Giovanni today!

Players

Giovanni Mancini

Sotheby's International Realty

Broker

$58.2M

vol

14 deals

Broker

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

1.84%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93