Donald Gaiter & Gloria M. Gutierrez Acquire Miami Beach Condo For $7.5M
SOLD
$7,500,000
Florida
See Similar DealsCondo2,756 SF
Sold 02/26/2021
SOLD
Donald Gaiter & Gloria M. Gutierrez Acquire Miami Beach Condo For $7.5M
800 South Pointe Drive, Miami Beach, FL, USA
See Similar DealsCondo2,756 SF
Sold 02/26/2021
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,721
Total Square Footage:2,756 SF
Transaction Type:Sale
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
SELLER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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