Joseph Blum Acquires Miami Beach Condo From MCBJC Properties For $10.4M
100 South Pointe Drive
$10,400,000
$4,146/SF
Building Size
2,508 SF
Asset Type
Condo
Closing
Mar 24, 2023
About this deal
AI
A condominium located at 50 South Pointe Dr in Miami Beach has been sold in a closed transaction. The property, with a total area of 2,503 square feet, was purchased for a price of $10,400,000. This equates to a price per square foot of $4,155.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $10,400,000
- Address: 50 South Pointe Dr, Miami Beach
- Market: Miami Beach
- Square Footage: 2,503
- Buyer: Joseph Blum
- Seller: MCBJC Properties - Jeffry Crippen
- Brokers: Eddy Martinez & Roland Ortiz - Sotheby's International Realty
The purchase of the condo was facilitated by Eddy Martinez and Roland Ortiz from Sotheby's International Realty. They represented both the buyer, Joseph Blum, and the seller, MCBJC Properties, which is headed by Jeffry Crippen.
On the Map
$10,400,000
$4,146/SF
Condo
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Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $4.1K per square foot on a published $10.4M for 2,508 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93