Cyanmar Investments LLC Acquires Miami Beach Condo For $15.15M
100 South Pointe Dr APT 3303 Miami Beach, FL 33139, USA
$15,150,000
$4,542/SF
Building Size
3,335 SF
Asset Type
Condo
Closing
Sep 7, 2023
AI
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
Concord 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
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93