LexisNexis CEO Acquires Murano At Portofino Penthouse In Miami Beach For $5.9M
1000 South Pointe Drive
$5,900,000
$2,253/SF
Building Size
2,618 SF
Asset Type
Condo
Closing
Jun 20, 2024
AI
The property involved in the transaction is a 2,618-square-foot condo located at 1000 South Pointe Drive in Miami Beach. The condo was sold for $5.9 million, translating to a price per square foot of $2,254.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,900,000
- Buyer: Sheila Walsh; Mike Walsh - LexisNexis
- Seller: Marci Roberts & Marc Roberts
- Brokers: Eloy Carmenate, Julian Johnston & Michael Duchon - The Corcoran Group
The seller of the condo, Marc Roberts, is a well-known nightclub entrepreneur and developer, having founded the E11even nightclub. Roberts has further real estate ventures in progress, including E11even-branded condo projects in downtown Miami and plans for an Airbnb tower near the nightclub in collaboration with partners PMG and Lion Development Group.
Players
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93