James Pulaski Acquires Condo At 800 S. Pointe Drive, Miami Beach For $14M
800 South Pointe Drive
$14,000,000
Building Size
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Asset Type
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Closing
Feb 1, 2021
AI
An upscale condo located at 800 S. Pointe Drive in Miami Beach has recently been sold in a closed transaction. The transaction took place on February 2, 2021, with a sale price of $14,000,000. The condo is a valuable asset, offering luxurious living spaces in a desirable location.
Summary of Transaction Details:
- Property Type: Condo
- Transaction Amount: $14,000,000
- Date: February 2, 2021
- Address: 800 S. Pointe Drive, Miami Beach
The buyer of the property is James Pulaski, while J, M, L. Grindler is the seller. Nelson Gonzalez represented the buyer, James Pulaski, as his broker, and Techrin Hijazi represented the seller, J, M, L. Grindler, as her broker. The property had an initial asking price of $16,900,000, but it was ultimately sold for $14,000,000.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93