Chris Sargent Acquires South Beach Condo For $4.975M From Larry Colin
SOLD
Florida
See Similar DealsCondo2,566 SF
Sold
SOLD
Chris Sargent Acquires South Beach Condo For $4.975M From Larry Colin
100 South Pointe Drive
See Similar DealsCondo2,566 SF
Sold
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$4637
Total Square Footage:2566 SF
Transaction Type:Sale
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
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$634,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,278.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,412.07
Annual Debt Service$676,944.85
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