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Sheila Michelle Rojas Acquires Condo In Miami Beach's South Of Fifth For $7.05M

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SOLD
$7,050,000

Florida

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Condo2,048 SF
Sold
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SOLD

Sheila Michelle Rojas Acquires Condo In Miami Beach's South Of Fifth For $7.05M

100 South Pointe Drive, Miami Beach, Florida 33139, United States

See Similar Deals
Condo2,048 SF
Sold
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$3442
Total Square Footage:2048 SF
Transaction Type:Sale

A condo located at 100 S Pointe Drive, Miami Beach, South of Fifth, was recently sold for a total price of $7,050,000. The transaction took place on May 31, 2022. The condo spans a total area of 2,048 square feet, resulting in a price per square foot of $3,442. The buyer's representative in the deal was Sheila "Michelle" Rojas from Brown Harris Stevens Miami, while the seller's representative was Juan M. Alvarez from BlokHaus Real Estate + Investments, Inc.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $7,050,000
  • Address: 100 S Pointe Drive, Miami Beach, South of Fifth
  • Square Footage: 2,048
  • Price per Square Foot: $3,442
  • Buyer's Representative: Sheila "Michelle" Rojas - Brown Harris Stevens Miami
  • Seller's Representative: Juan M. Alvarez - BlokHaus Real Estate + Investments, Inc.

Players

Juan Alvarez
5 deals$41M volume
BROKER

Sheila "Michelle" Rojas
Brown Harris Stevens
10 deals$69.7M volume
BROKER

Details

SOLD
IMAGE: Juan Alvarez & Sheila "Michelle" Rojas DATE: 05/31/2022 ADDRESS: 100 S Pointe Drive, MARKET: Miami Beach, South of Fifth ASSET TYPE: Condo BUYER'S REP: Sheila "Michelle" Rojas (@Michelle.SheilaRojas) - Brown Harris Stevens Miami (@BHSMiamiOfficial) SELLER'S REP: Juan M. Alvarez (@JuanmAlvarez_1 & @Juanmanueleto) - BlokHaus Real Estate + Investments, Inc. (@BlokhausRE) SALE PRICE: $7,050,000 SF: 2,048 ~ PPSF: $3,442

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$376,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,047.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,420.60
Annual Debt Service$401,047.16