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1000 South Pointe Drive # 8...

Property Ventures Of Marin, Inc. Acquires Condo At 1000 South Pointe Drive In Miami Beach
SOLDCondo

Property Ventures Of Marin, Inc. Acquires Condo At 1000 South Pointe Drive In Miami Beach

1000 South Pointe Drive # 801, Miami Beach, Fl 33139

$8,250,000

$2,451/SF

Building Size

3,365 SF

Asset Type

Condo

Closing

Feb 3, 2023

AI

Located at 1000 South Pointe Drive in Miami Beach, this condo was recently sold in a closed transaction. Spanning across 3,365 square feet, this property offers a spacious living space for the new owner. The sale price for this condo was $8,250,000, which translates to a price per square foot of $2,452.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $8,250,000
  • Address: 1000 South Pointe Drive, Miami Beach
  • Square Footage: 3,365

Property Ventures Of Marin, Inc. acquired this condo through their representative, Ekaterina Sizenova from Big International Realty. Representing the seller, Pablo Alfaro from Douglas Elliman facilitated the deal. The property boasts a modern design and desirable location, contributing to its attractiveness in the market.

Players

Pablo Alfaro

Douglas Elliman

Broker

$242.2M

vol

13 deals

Broker
PI
Property Ventures Of Marin, Inc.Buyer

Market 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

1.92%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93