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100 South Pointe Drive

Catherine Montgomery Acquires Condo From Jim Chanos In Miami Beach For $17.8M
SOLDCondo

Catherine Montgomery Acquires Condo From Jim Chanos In Miami Beach For $17.8M

100 South Pointe Drive

$17,800,000

$3,727/SF

Building Size

4,776 SF

Asset Type

Condo

Closing

May 9, 2024

AI

The property involved in the transaction is a 4,776 square foot condo located at 100 South Pointe Drive in Miami Beach. The condo was sold for $17.8 million, at a price per square foot of $3,727. The seller, Jim Chanos, sold the unit to the buyer, Catherine Montgomery.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $17,800,000
  • Address: 100 South Pointe Drive Miami Beach
  • Buyer: Catherine Montgomery
  • Seller: Jim Chanos

The buyer's representative in the deal was Kevin Crego from Compass, while the seller's representatives were Crystal Connors, Eddy Martinez, and Roland Ortiz from One Sotheby's International Realty. It's noteworthy that Jim Chanos originally purchased the condo in 2003 for $3.1 million, and this transaction marked Catherine Montgomery's second purchase at Continuum.

Players

Kevin Crego

Compass

Broker

$48.4M

vol

5 deals

Broker

Miami Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.89%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93