Douglas Elliman Acquires Condo At 50 S Pointe Dr, Miami Beach For $3.49M
50 South Pointe Drive, Miami Beach, Florida 33139, United States
$3,490,000
$1,874/SF
Building Size
1,862 SF
Asset Type
—
Closing
Feb 10, 2022
AI
A condo located at 50 S Pointe Dr in Miami Beach has been sold for $3,490,000. The property spans 1,412 square feet and has a price per square foot of $2,472.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,490,000
- Address: 50 S Pointe Dr, Miami Beach
- Square Footage: 1,412
- Price per Square Foot: $2,472
The buyer's representatives for this deal were Dan Hechtkopf, Marci DeClaris, and Fredrik Eklund from Douglas Elliman. On the other hand, Roland Ortiz and Eddy Martinez represented the seller's side through ONE Sotheby's International Realty.
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
4.55%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93