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800 South Pointe Drive, Mia...

Michael Picozzi III Acquires Miami Beach Condo For $8.35M
SOLDCondo

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

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.

Players

Tony Giulino

Douglas Elliman

Broker

$8.4M

vol

1 deal

Broker
Bar Invest Group
Bar Invest GroupSeller

Miami Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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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