Claudia Hersman Acquires Condo In Miami Beach For $9.8M
SOLD
$9,800,000
Florida
See Similar DealsCondo3,403 SF
Sold 03/08/2023
SOLD
Claudia Hersman Acquires Condo In Miami Beach For $9.8M
50 South Pointe Drive, Miami Beach, Florida 33139, United States
See Similar DealsCondo3,403 SF
Sold 03/08/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,879
Total Square Footage:3,403 SF
Transaction Type:Sale
A condominium located at 50 S Pointe Drive in Miami Beach's South of Fifth neighborhood has been sold for $9,800,000. The property spans 3,403 square feet and is priced at a rate of approximately $2,880 per square foot.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $9,800,000
- Address: 50 S Pointe Drive, Miami Beach, South of Fifth
- Square Footage: 3,403 SF
- Price Per Square Foot: $2,880
Claudia Hersman from Brown Harris Stevens Miami represented the buyer in this transaction, while Sheila "Michelle" Rojas and Deven Rojas, also from Brown Harris Stevens Miami, represented the sellers. The deal closed on 03/08/2022.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$522,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,817.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,457.00
Annual Debt Service$557,484.00
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