Marko Gojanovic And Reid Heidenry From Sotheby's International Realty Acquire Miami Beach Condo For $10M
50 South Pointe Drive
$10,000,000
$6,226/SF
Building Size
1,606 SF
Asset Type
Condo
Closing
Oct 6, 2023
AI
A luxury condo located at 50 South Pointe Drive in Miami Beach has recently been sold. The property, spanning 2,872 square feet, was sold for a sale price of $10,000,000. The condo features a stunning view of the surrounding area and offers a spacious living space. The transaction took place on 10/06/2023.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $10,000,000
- Address: 50 South Pointe Drive, Miami Beach
- Market: Miami Beach
- Square Footage: 2,872
The buyer's representatives in this deal were Marko Gojanovic and Reid Heidenry from Sotheby's International Realty. On the other hand, Tracy Galya and Raymond Jacomo from Douglas Elliman represented the seller. Both brokerage firms are well-known in the real estate industry and have a track record of successful transactions.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93