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
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