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50 South Pointe Drive, Miam...

Claudia Hersman Acquires Condo In Miami Beach For $9.8M
SOLDCondo

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

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.

Players

Deven Rojas

Brown Harris Stevens

Broker

$27.5M

vol

5 deals

Broker

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

1.62%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93