One Sotheby's International Realty Sells Miami Beach Condo For $9.4M
100 South Pointe Dr APT 2405 Miami Beach, FL 33139, USA
$9,400,000
$3,301/SF
Building Size
2,847 SF
Asset Type
Condo
Closing
Dec 1, 2022
AI
A luxury condominium unit located at 100 South Pointe Drive Unit 2405 in Miami Beach has been sold for a price of $9,400,000. The unit spans approximately 2,847 square feet, translating to a price per square foot of $3,302. The sale of this condo was facilitated by brokers Jorge Martinez and Roland Ortiz from One Sotheby’s International Realty.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $9,400,000
- Address: 100 South Pointe Drive Unit 2405
- Market: Miami Beach
- Broker: Jorge Martinez & Roland Ortiz - One Sotheby’s International Realty
- Square Footage: 2,847
- Price per Square Foot: $3,302
Jorge Martinez and Roland Ortiz, representing One Sotheby’s International Realty, played a key role in bringing together the buyer and seller for this successful transaction. Their expertise in the Miami Beach market and their extensive network of clients contributed to the smooth execution of this deal.
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
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93