Joseph Blum Acquires Miami Beach Condo From MCBJC Properties For $10.4M
SOLD
$10,400,000
Florida
See Similar DealsCondo2,508 SF
Sold 03/24/2023
SOLD
Joseph Blum Acquires Miami Beach Condo From MCBJC Properties For $10.4M
100 South Pointe Drive
See Similar DealsCondo2,508 SF
Sold 03/24/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$4,146
Total Square Footage:2,508 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$554,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67
Is there something missing? Send suggestions