Jonathan Nussbaum Sells Miami Beach Condo For $10.85M Through Compass & Sotheby’s International Realty
SOLD
$10,850,000
Florida
See Similar DealsCondo2,566 SF
Sold 04/15/2024
SOLD
Jonathan Nussbaum Sells Miami Beach Condo For $10.85M Through Compass & Sotheby’s International Realty
100 South Pointe Drive
See Similar DealsCondo2,566 SF
Sold 04/15/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$4,228
Total Square Footage:2,566 SF
Transaction Type:Sale
The property at 100 South Pointe Drive in Miami Beach is a condo with a total square footage of 2,566. The sale price for this asset was $10,850,000, which was below the initial asking price of $12,900,000. The price per square foot was calculated at $4,228, reflecting the value of this prime real estate.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,850,000
- Market: Miami Beach
- Seller: Jonathan Nussbaum
- Buyer's Representative: Carlo Dipasquale - Compass
- Seller's Representatives: Roland Ortiz & Jorge Martinez - Sotheby's International Realty
Carlo Dipasquale from Compass represented the buyer in this transaction, while the seller, Jonathan Nussbaum, was assisted by Roland Ortiz and Jorge Martinez from Sotheby's International Realty. The deal showcases the collaborative effort of these professionals in successfully closing the sale of this prestigious condo.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$578,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,547.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,434.54
Annual Debt Service$617,214.42
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