Updated Dec 19, 2023
Douglas Elliman Florida Acquires Multifamily Property In South Of Fifth, Miami Beach
100 South Pointe Dr, South Beach, Miami Beach, FL, USA
$12,900,000
$4,257/SF
Building Size
3,030 SF
Asset Type
MultiFamily
Closing
Nov 2, 2021
About this deal
AI
A multifamily property located at 100 South Pointe Dr in the South of Fifth neighborhood of Miami Beach has been sold. The property consists of 1 unit with a total square footage of 3,030. The sale price for this transaction was $12,900,000, with an asking price of $10,000,000. The price per square foot for the property is $4,257.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,900,000
- Address: 100 South Pointe Dr
- Market: South of Fifth, Miami Beach
The buyers were represented by Adriana Pinto Torres and Tracy Ferrer from The APT Team at Douglas Elliman Florida, as well as Matthew Dugow from The Carroll Group at Compass and Knight Frank.
Players
Miami Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93