Michael Picozzi III Acquires Miami Beach Condo For $8.35M
800 South Pointe Drive, Miami Beach, FL, USA
$8,350,000
$3,029/SF
Building Size
2,756 SF
Asset Type
Condo
Closing
May 13, 2021
About this deal
AI
A condominium unit located at 800 South Pointe Drive Unit 1102 in Miami Beach has been sold for a price of $8,350,000. The property spans 2,756 square feet, with a price per square foot of $3,030.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,350,000
- Property Address: 800 South Pointe Drive Unit 1102
- Market: Miami Beach
The buyer of this condominium unit is Michael Picozzi III, represented by Andover Brokerage. The seller is Jeanne Barbera and Jacques Barbera, who are part of the Bar Invest Group. The buyer was assisted by Tony Giulino from Douglas Elliman, while the seller was represented by Bohdan Mastykaz, also from Douglas Elliman.
On the Map
$8,350,000
$3,029/SF
Condo
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Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $3K per square foot on a published $8.4M for 2,756 square feet (2021).
Visit Bohdan Mastykaz to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93