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300 S Pointe Dr Unit 1105 -...

Fred Voccola Acquires Portofino Tower Condo In Miami Beach For $4.3M
SOLD

Fred Voccola Acquires Portofino Tower Condo In Miami Beach For $4.3M

300 S Pointe Dr Unit 1105 - Portofino Tower

Building Size

Asset Type

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.

Players

Fred Voccola

Buyer

$4.3M

vol

2 deals

Buyer

Zena M Dickstein

TRS

Seller

$4.3M

vol

2 deals

Seller

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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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