Ian Bruce Eichner Sells Miami Beach Condo For $35 Million
100 South Pointe Drive, Miami Beach, FL, USA
$35,000,000
$3,172/SF
Building Size
11,031 SF
Asset Type
Condo
Closing
Apr 14, 2021
AI
A luxury condo located at 100 South Pointe Drive Ph 2 in Miami Beach has been sold for a whopping $35,000,000. The property spans over 11,031 square feet, resulting in a price per square foot of $3,173. This prestigious asset was sold in a recent transaction, representing a significant deal in the Miami Beach market.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $35,000,000
- Address: 100 South Pointe Drive Ph 2
- Market: Miami Beach
- Square Footage: 11,031
- Price per Square Foot: $3,173
The seller of this remarkable condo was Ian Bruce Eichner, a representative of Continuum Company. The sale was facilitated by brokers Eloy Carmenate and Mick Duchon from The Corcoran Group. With their expertise and network, Carmenate and Duchon successfully negotiated this high-value transaction in the Miami Beach real estate market.
Players
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93