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Cyanmar Investments LLC Acquires Miami Beach Condo For $15.15M

Property Image
SOLD
$15,150,000
Eddy Martinez
Dario Stoka
+ 1

Florida

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Condo3,335 SF
Sold 09/07/2023
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Property Image
SOLD

Cyanmar Investments LLC Acquires Miami Beach Condo For $15.15M

100 South Pointe Dr APT 3303 Miami Beach, FL 33139, USA

See Similar Deals
Condo3,335 SF
Sold 09/07/2023
Eddy Martinez
Dario Stoka
+ 1
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$4,542
Total Square Footage:3,335 SF
Transaction Type:Sale

A condo at the Continuum on South Beach in Miami Beach has been sold for $15.15 million, making it one of the highest prices per square foot in the area. Located at 100 South Pointe Drive Unit 3303, the condo spans 3,335 square feet and was purchased by Cyanmar Investments LLC. This sale represents a significant increase in value compared to its previous sale in 2019 for $8.45 million.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $15,150,000
  • Address: 100 South Pointe Drive Unit 3303
  • Market: Miami Beach

The seller of this condo was Federico Lange of Elara Continuum Corp., while Cynthia Rosario and Miguel Rosario of Cyanmar Investments LLC served as the buyers. Eddy Martinez and Roland Ortiz from One Sotheby's International Realty represented the buyers, while Dario Stoka and Giorgio Vecchi from Douglas Elliman represented the seller.

Players

Eddy Martinez
14 deals$192.8M volume(786) 286-4344
BROKER

Roland Ortiz
Sotheby's International Realty
14 deals$175.3M volume
BROKER

Dario Stoka
Douglas Elliman
1 deal$15.2M volume(305) 987-1195
BROKER

Giorgio Vecchi
Douglas Elliman
1 deal$15.2M volume(305) 798-9300
BROKER

Details

SOLD
IMAGE: Eddy Martinez, Roland Ortiz, Dario Stoka & Giorgio Vecchi DATE: 09/07/2023 ADDRESS: 100 South Pointe Drive Unit 3303 MARKET: Miami Beach ASSET TYPE: Condo SELLER: Federico Lange - Elara Continuum Corp. BUYER: Cynthia Rosario & Miguel Rosario - Cyanmar Investments LLC BUYER'S REP: Eddy Martinez (@Onesirworldwide) & Roland Ortiz (@RolandMiami) - One Sotheby's International Realty (@Onesir) SELLER'S REP: Dario Stoka & Giorgio Vecchi - Douglas Elliman (@Douglaselliman) SALE PRICE: $15,150,000 SF: 3,335 ~ PPSF: $4,543 NOTE: A condo at the Continuum on South Beach in Miami Beach sold for $15.15 million, marking one of the year's highest prices per square foot in the area. The 3,335-square-foot Unit 3303 was purchased by Cyanmar Investments LLC, representing a substantial increase in value from its 2019 sale for $8.45 million.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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