Bart Blatstein Acquires Miami Beach Condo On South Point Dr For $5.5M
50 South Pointe Dr, Miami Beach, FL, USA
$5,500,000
$2,219/SF
Building Size
2,478 SF
Asset Type
Condo
Closing
Sep 30, 2021
AI
A condo located at 50 South Point Dr TH1 in Miami Beach has been sold. The property, with a size of 2,478 square feet, was sold for a price of $5,500,000. The selling price per square foot was calculated to be $2,220.
Summary of Transation Details:
- Property Type: Condo
- Transaction Amount: $5,500,000
- Address: 50 South Point Dr TH1, Miami Beach
- Market: Miami Beach
The buyer of the condo was Bart Blatstein, while the seller was Renè Sindlev. Bart Blatstein was represented by Matt Wilkens from ONE Sotheby's International Realty, while Olivia Seovac from Douglas Elliman acted as the seller's representative.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93