Chris Sargent Acquires Condo At 100 S Pointe Drive, Unit 3605 In South Beach, Miami Beach For $4.975M
SOLD
$4,975,000
+ 2
Florida
See Similar DealsCondo1,793 SF
Sold 01/31/2022
SOLD
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
See Similar DealsCondo1,793 SF
Sold 01/31/2022
+ 2
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,774
Total Square Footage:1,793 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$265,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,675.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,584.04
Annual Debt Service$283,008.46
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