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Michael Picozzi III Acquires Miami Beach Condo For $8.35M

Property Image
SOLD
$8,350,000
Tony Giulino
Bohdan Mastykaz

Florida

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Condo2,756 SF
Sold 05/13/2021
the dealplayerscompscontact
Property Image
SOLD

Michael Picozzi III Acquires Miami Beach Condo For $8.35M

800 South Pointe Drive, Miami Beach, FL, USA

See Similar Deals
Condo2,756 SF
Sold 05/13/2021
Tony Giulino
Bohdan Mastykaz
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,029
Total Square Footage:2,756 SF
Transaction Type:Sale

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.

Players

Tony Giulino
Douglas Elliman
Tony Giulino
1 deal$8.4M volume
BROKER
Bohdan Mastykaz
Douglas Elliman
Bohdan Mastykaz
2 deals$15.4M volume
BROKER
Bar Invest Group
Bar Invest Group
SELLER
Bar Invest Group
Bar Invest Group
SELLER

Details

SOLD
IMAGE: Tony Giulino, Jacques Barbera & Bohdan Mastykaz DATE: 05/13/2021 ADDRESS: 800 South Pointe Drive Unit 1102 MARKET: Miami Beach ASSET TYPE: Condo BUYER: Michael Picozzi III - Andover Brokerage SELLER: Jeanne Barbera; Jacques Barbera - Bar Invest Group BUYER'S REP: Tony Giulino - Douglas Elliman SELLER'S REP: Bohdan Mastykaz - Douglas Elliman SALE PRICE: $8,350,000 SF: 2,756 ~ PPSF: $3,030

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,665.80
Cash-on-Cash Return-1.27%
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