Brown Harris Stevens Represents $7.5M Condo Sale At 800 S Pointe Dr. In Miami Beach
SOLD
$7,525,000
Florida
See Similar DealsCondo2,756 SF
Sold 03/30/2021
SOLD
Brown Harris Stevens Represents $7.5M Condo Sale At 800 S Pointe Dr. In Miami Beach
800 South Pointe Drive, Miami Beach, FL, USA
See Similar DealsCondo2,756 SF
Sold 03/30/2021
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,730
Total Square Footage:2,756 SF
Transaction Type:Sale
A condo located at 800 S Pointe Dr. in Miami Beach has been sold in a recent transaction. The property, spanning 2,756 square feet, was sold for a total price of $7,525,000. The sale price per square foot was calculated at $2,730. The transaction took place on 03/30/2021. The asset type of the property was a condo.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,525,000
- Address: 800 S Pointe Dr. Miami Beach
- Square Footage: 2,756
- Price per Square Foot: $2,730
The sale of this condo was facilitated by brokers Mark Zilbert and Monika Kramlik from Brown Harris Stevens. Mark Zilbert can be found on Instagram as @MarkZilbert, and Monika Kramlik's Instagram handle is @Monika_Kramlik. The brokerage firm involved in the transaction was Brown Harris Stevens, specifically their Miami office - @bhsmiamiofficial.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$401,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,734.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,672.34
Annual Debt Service$428,068.07
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