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801 South Pointe Drive, Mia...

La Playa Properties Represents Buyer In $3.3M Condo Sale On S Pointe Dr, Miami Beach
SOLD

La Playa Properties Represents Buyer In $3.3M Condo Sale On S Pointe Dr, Miami Beach

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

$3,300,000

$1,415/SF

Building Size

2,332 SF

Asset Type

Closing

Aug 12, 2021

AI

A condo located at 801 S Pointe Dr Unit 201 in Miami Beach has been sold in a recent transaction. The property, measuring 2,332 square feet, was sold for a price of $3,300,000. The sale price indicates a price per square foot of $1,415. The transaction took place on 08/12/2021.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $3,300,000
  • Address: 801 S Pointe Dr Unit 201, Miami Beach
  • Market: Miami Beach

The buyer's representative in this deal was Rich Tallman from La Playa Properties. On the other side, Matias Alem and Christina West Alem from BRG International LLC represented the seller. Rich Tallman played a crucial role in assisting the buyer in this transaction, while Matias Alem and Christina West Alem represented the seller's interests. These professionals were integral to the success of this real estate deal.

Players

Christina West Alem

BRG International

Broker

$71.5M

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93