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100 South Pointe Drive, Mia...

Chris Sargent Acquires Condo At 100 S Pointe Drive, Unit 3605 In South Beach, Miami Beach For $4.975M
SOLDCondo

Chris Sargent Acquires Condo At 100 S Pointe Drive, Unit 3605 In South Beach, Miami Beach For $4.975M

100 South Pointe Drive, Miami Beach, Florida 33139, United States

$4,975,000

$2,774/SF

Building Size

1,793 SF

Asset Type

Condo

Closing

Jan 31, 2022

AI

A luxury condo located at 100 S Pointe Drive, Unit 3605 in South Beach, Miami Beach has been sold for a price of $4,975,000. The condo spans approximately 1,793 square feet with a price per square foot of $2,775. This transaction took place on January 31, 2022 and involved the sale of the property.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $4,975,000
  • Square Footage: 1,793
  • Price Per Square Foot: $2,775
  • Address: 100 S Pointe Drive, Unit 3605
  • Market: South Beach, Miami Beach

The buyer of the condo is Chris Sargent, while the seller is Larry Colin. Compass represented both parties in this transaction, with Selen Arditi, Ivan Chorney, and Michael Martirena serving as the brokers involved in the deal.

Players

Michael Martirena

Compass

Broker

$317.5M

vol

25 deals

Broker

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

3.19%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93