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
About this deal
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.
On the Map
$4,975,000
$2,774/SF
Condo
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Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.8K per square foot on a published $5M for 1,793 square feet (2022).
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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