facebook
Traded Co logo
Submit

Marko Gojanovic And Reid Heidenry From Sotheby's International Realty Acquire Miami Beach Condo For $10M

Property Image
SOLD
$10,000,000
Reid Heidenry
Marko Gojanovic
+ 1

Florida

See Similar Deals
Condo1,606 SF
Sold 10/06/2023
the dealplayerscompscontact
Property Image
SOLD

Marko Gojanovic And Reid Heidenry From Sotheby's International Realty Acquire Miami Beach Condo For $10M

50 South Pointe Drive

See Similar Deals
Condo1,606 SF
Sold 10/06/2023
Reid Heidenry
Marko Gojanovic
+ 1
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$6,226
Total Square Footage:1,606 SF
Transaction Type:Sale

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

Reid Heidenry
40 deals$454.9M volume(305) 942-7302
BROKER

Marko Gojanovic
Sotheby's International Realty
37 deals$513.4M volume(718) 360-5059
BROKER

Tracy Galya
Douglas Elliman
2 deals$22.4M volume
BROKER

Raymond Jacomo
Douglas Elliman
1 deal$10M volume(305) 965-0476
BROKER

Details

SOLD
IMAGE: Reid Heidenry, Marko Gojanovic, Tracy Galya & Raymond Jacomo DATE: 10/06/2023 ADDRESS: 50 South Pointe Drive MARKET: Miami Beach ASSET TYPE: Condo BUYER'S REP: Marko Gojanovic (@Marko_gojanovic) & Reid Heidenry (@Reidestate) - Sotheby's International Realty (@SothebysRealty) SELLER'S REP: Tracy Galya (@Tracygalyajacomo) & Raymond Jacomo (@RealtorRay_Jacomo) - Douglas Elliman (@DouglasElliman) ASKING PRICE: $10,295,000 SALE PRICE: $10,000,000 SF: 2,872 ~ PPSF: $3,482

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$533,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22