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.
On the Map
$11,900,000
$4,637/SF
Condo
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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