Claudia Hersman Acquires Condo In Miami Beach For $9.8M
50 South Pointe Drive, Miami Beach, Florida 33139, United States
$9,800,000
$2,879/SF
Building Size
3,403 SF
Asset Type
Condo
Closing
Mar 8, 2023
About this deal
AI
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.
On the Map
$9,800,000
$2,879/SF
Condo
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Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.9K per square foot on a published $9.8M for 3,403 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93