facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Condo

/

Sale

/

800 South Pointe Drive, Mia...

Donald Gaiter & Gloria M. Gutierrez Acquire Miami Beach Condo For $7.5M
SOLDCondo

Donald Gaiter & Gloria M. Gutierrez Acquire Miami Beach Condo For $7.5M

800 South Pointe Drive, Miami Beach, FL, USA

$7,500,000

$2,721/SF

Building Size

2,756 SF

Asset Type

Condo

Closing

Feb 26, 2021

AI

A condo located at 800 South Pointe Drive Unit 1103 in Miami Beach has been sold for $7,500,000. The property spans over 2,756 square feet and has a price per square foot of $2,721. The sale took place on February 26, 2021.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $7,500,000
  • Address: 800 South Pointe Drive Unit 1103
  • Market: Miami Beach

The buyer of the condo is Donald Gaiter and Gloria M. Gutierrez from The Gutierrez Company. They were represented by Dan Hechtkopf from Douglas Elliman. The seller is Jacquelyn and Edward Rabin, who were represented by Stacy Robins from Stacy Robins Companies. It is worth mentioning that Gloria M. Gutierrez is also a part of the seller's company.

Players

Stacy Robins

Stacy Robins Companies

Broker

$145.8M

vol

11 deals

Broker
SH
Sally Beauty HoldingsSeller

Miami Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93