PMG Sells Condo In Miami For $80M With Sergio Pintos & Ryan Shear As Sellers
398 Northeast 5th Street, Miami, Florida 33132, United States
$80,000,000
Building Size
—
Asset Type
Condo
Closing
Jan 20, 2023
AI
The property involved in this closed transaction is a condo located at 398 NE 5th St in Miami. The sale took place on January 20, 2023, with a total sales volume of $80,000,000. The property is owned by PMG, represented by Sergio Pintos and Ryan Shear.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $80,000,000
- Market: Miami
PMG, along with Sergio Pintos and Ryan Shear, acted as the sellers in this transaction. It is worth noting that the $80 million represents the cumulative sales volume of multiple units within the last 60 days.
Players
Miami 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93