Jonathan Nussbaum Sells Miami Beach Condo For $10.85M Through Compass & Sotheby’s International Realty
100 South Pointe Drive
$10,850,000
$4,228/SF
Building Size
2,566 SF
Asset Type
Condo
Closing
Apr 15, 2024
About this deal
AI
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.
On the Map
$10,850,000
$4,228/SF
Condo
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Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $4.2K per square foot on a published $10.9M for 2,566 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93