Brodson Construction Sells Apogee Miami Beach Condo For $19.25M
800 South Pointe Drive
$19,250,000
Building Size
—
Asset Type
Condo
Closing
Dec 10, 2023
AI
A luxury condo in Apogee Miami Beach was recently sold for a staggering price of $19,250,000. Located at 800 South Pointe Drive Unit 1504, this 3,731-square-foot property showcases the strong demand for high-end condos in Miami Beach. The sale of Unit 1504 marks a significant increase from its previous transaction price of $14.2 million in April 2022, highlighting the substantial growth in value.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $19,250,000
- Address: 800 South Pointe Drive Unit 1504
- Market: Miami Beach
The seller of this extraordinary condo is Barry Brodsky, the renowned founder of Brodson Construction. Representing the buyer, Leah Barney from Official played a key role in facilitating the transaction. On the other side, Jill Hertzberg from Coldwell Banker acted as the seller's representative, ensuring a smooth and successful deal.
Players
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
0.82%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93