David And Holly Willson Acquire Miami Beach Condo For $4.7M
SOLD
$4,700,000
Florida
See Similar DealsCondo1,862 SF
Sold 05/20/2022
SOLD
David And Holly Willson Acquire Miami Beach Condo For $4.7M
50 South Pointe Drive, Miami Beach, Florida 33139, United States
See Similar DealsCondo1,862 SF
Sold 05/20/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,524
Total Square Footage:1,862 SF
Transaction Type:Sale
A condominium unit located at 50 South Pointe Dr in Miami Beach has been sold for a price of $4,700,000. The property spans 1,862 square feet, resulting in a price per square foot of $2,524. The sale took place on May 20, 2022.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,700,000
- Address: 50 South Pointe Dr, Miami Beach
- Square Footage: 1,862
- Price per Square Foot: $2,524
The buyers, David and Holly Willson, have acquired the condominium unit. The deal was facilitated by brokers Alex Algarin from Compass and Kayce Driscoll from Douglas Elliman. Alex Algarin represented the buyers while Kayce Driscoll represented the sellers in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77
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