Alyssa Morgan Of The Inside Network Represents Both Buyer And Seller In Miami Beach Condo Sale For $6.6M
1000 South Pointe Drive
$6,600,000
$1,961/SF
Building Size
3,365 SF
Asset Type
Condo
Closing
Dec 11, 2024
AI
The property asset involved in this transaction is a condo located at 1000 South Pointe Drive Unit 901 in Miami Beach. The sale price was $6,600,000, with a total square footage of 3,365, resulting in a price per square foot of $1,961.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,600,000
- Square Footage: 3,365
- Price Per Square Foot: $1,961
- Address: 1000 South Pointe Drive Unit 901
- Market: Miami Beach
- Broker: Alyssa Morgan - The Inside Network
Alyssa Morgan represented both the buyer and seller in this off-market deal, facilitating the transaction between the involved parties in the Miami Beach market.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93