Chris Sargent Acquires South Beach Condo For $4.975M From Larry Colin
100 South Pointe Drive
$11,900,000
$4,637/SF
Building Size
2,566 SF
Asset Type
Condo
Closing
Jan 9, 2022
About this deal
AI
A 1,793 square foot condo located at 100 S Pointe Drive, Unit 3605 in South Beach, Miami Beach has been sold for $4,975,000. The property, situated in a prime location in the South Beach market, was purchased by Chris Sargent from seller Larry Colin.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,975,000
- Square Footage: 1,793
- Price per Square Foot: $2,775
- Address: 100 S Pointe Drive, Unit 3605
- Market: South Beach, Miami Beach
The deal was facilitated by brokers Selen Arditi, Ivan Chorney, and Michael Martirena from Compass who represented both the buyer and the seller.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $4.6K per square foot on a published $11.9M for 2,566 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93