Fred Voccola Acquires Portofino Tower Condo In Miami Beach For $4.3M
300 S Pointe Dr Unit 1105 - Portofino Tower
Building Size
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Asset Type
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Closing
Aug 29, 2022
AI
A condo unit located at 300 S Pointe Dr Unit 1105 in Portofino Tower, Miami Beach, has been sold for $4,300,000. The property spans across 2,355 square feet, with a price per square foot of $1,826.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $4,300,000
- Address: 300 S Pointe Dr Unit 1105, Miami Beach
- Market: Miami Beach
The buyer in this transaction was Fred Voccola, while the seller was Zena M Dickstein TRS. Representing the buyer was Samantha Scalzo from S&S Global, and representing the seller was Dora Puig from Luxe Living Realty.
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93