Matias Alem Of BRG International Represents Buyer In $9.2M Miami Beach Condo Sale
SOLD
Florida
See Similar DealsCondo3,103 SF
Sold
SOLD
Matias Alem Of BRG International Represents Buyer In $9.2M Miami Beach Condo Sale
800 South Pointe Drive, Miami Beach, Florida 33139, United States
See Similar DealsCondo3,103 SF
Sold
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,964
Total Square Footage:3,103 SF
Transaction Type:Sale
A condominium located at 800 S Pointe Dr in Miami Beach's South of 5th neighborhood has recently been sold for a price of $9,200,000. The property spans across 3,103 square feet, resulting in a price per square foot of $2,965.
Summary of transaction details
- Property Type: Condo
- Sale Price: $9,200,000
- Square Footage: 3,103 SF
- Price Per Square Foot: $2,965
- Address: 800 S Pointe Dr, South of 5th, Miami Beach
The buyer in this transaction was represented by Matias Alem from BRG International. On the other hand, the seller was represented by Luciana Barreto from Compass and Cristiana Machado from Cervera.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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