Kim Rodstein Acquires Miami Beach Condo On 300 S Pointe Dr For $2.2M
SOLD
Florida
See Similar DealsMultiFamily2,340 SF
Sold
SOLD
Kim Rodstein Acquires Miami Beach Condo On 300 S Pointe Dr For $2.2M
300 South Pointe Dr, Miami Beach, FL, USA
See Similar DealsMultiFamily2,340 SF
Sold
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$940
Total Square Footage:2,340 SF
Transaction Type:Sale
A condo located at 300 S Pointe Dr Unit 1601 in Miami Beach has been sold for $2,200,000. The property spans 2,340 square feet and has a price per square foot of $940. The sale was facilitated by Luciana Barreto as the seller's representative.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,200,000
- Address: 300 S Pointe Dr Unit 1601, Miami Beach
- Market: Miami Beach
- Asset Type: Condo
- Sale Price: $2,200,000
- Square Footage (SF): 2,340
- Price per Square Foot (PPSF): $940
The buyer's representative in this transaction was Kim Rodstein of KimRodstein agency.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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