Jeffrey Crippen Acquires Condo In Miami Beach For $7.4M - Brokers Eddy Martinez & Roland Ortiz
300 S Pointe Dr #3801, Miami Beach, FL 33139
$7,400,000
$1,640/SF
Building Size
4,510 SF
Asset Type
Condo
Closing
Apr 3, 2023
About this deal
AI
The condo located at 300 South Pointe Drive in Miami Beach has been sold in a recent transaction. The property, spanning 4,510 square feet, was sold for a total price of $7,400,000. This amounts to a price per square foot of $1,641.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,400,000
- Address: 300 South Pointe Drive, Miami Beach
- Buyer: Jeffrey Crippen
- Seller: Steven Lempera
- Brokers: Eddy Martinez & Roland Ortiz - Sotheby's International Realty
- Square Footage: 4,510
- Price per Square Foot: $1,641
Represented by Eddy Martinez and Roland Ortiz from Sotheby's International Realty, the deal involved Jeffrey Crippen as the buyer and Steven Lempera as the seller. The condo's location in Miami Beach and its spacious square footage likely contributed to its attractiveness to the buyer.
On the Map
$7,400,000
$1,640/SF
Condo
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Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.6K per square foot on a published $7.4M for 4,510 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93