Luxury Condo In Portofino Tower Miami Beach Sold For $4.3M By Dora Puig
300 S Pointe Dr Unit 1105 - Portofino Tower
$4,300,000
Building Size
—
Asset Type
—
Closing
Aug 28, 2022
About this deal
AI
The property involved in this transaction is a condo located at 300 S Pointe Dr Unit 1105 in the Portofino Tower, situated in the Miami Beach market. The sale price of the property was $4,300,000, with a total square footage of 2,355. The price per square foot for this transaction was recorded at $1,826.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,300,000
- Square Footage: 2,355
- Price per Square Foot: $1,826
- Address: 300 S Pointe Dr Unit 1105 - Portofino Tower
- Market: Miami Beach
- Broker: Dora Puig - Luxe Living Realty
The deal was facilitated by broker Dora Puig representing the buyer through Luxe Living Realty. A noteworthy aspect of this transaction is that it achieved the highest non-penthouse price per square foot in the building’s history, as noted by the broker.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93