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800 South Pointe Drive

James Pulaski Acquires Condo At 800 S. Pointe Drive, Miami Beach For $14M
SOLD

James Pulaski Acquires Condo At 800 S. Pointe Drive, Miami Beach For $14M

800 South Pointe Drive

$14,000,000

Building Size

Asset Type

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

Nelson Gonzalez

Berkshire Hathaway HomeServices

Broker

$761.2M

vol

44 deals

Broker
Blackstone International Realty
Blackstone International RealtyBrokerage
Compass
CompassBrokerage

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