Hayley Dodge Of Compass Represents Buyer In $6.25M Sale At Continuum South Beach
SOLD
$6,250,000
Florida
See Similar DealsCondo1,606 SF
Sold 03/18/2024
SOLD
Hayley Dodge Of Compass Represents Buyer In $6.25M Sale At Continuum South Beach
50 South Pointe Drive
See Similar DealsCondo1,606 SF
Sold 03/18/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,891
Total Square Footage:1,606 SF
Transaction Type:Sale
The property involved in this transaction is a Condo located at 50 South Pointe Drive in Continuum South Beach, Miami Beach. The sale price for this property was $6,250,000 with an asking price of $5,750,000. Spanning 1,606 square feet, the price per square foot was $3,892.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,250,000
- Address: 50 South Pointe Drive - Continuum South Beach
- Market: Miami Beach
- Buyer's Rep: Hayley Dodge - Compass
- Seller's Rep: Inga Boutboul - One Sothebys International Realty
The sale of this property set a record-breaking price for the line type, as noted by the brokers involved in the deal, Inga Boutboul and Hayley Dodge. Inga Boutboul represented the seller through One Sothebys International Realty, while Hayley Dodge represented the buyer through Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,204.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,628.19
Annual Debt Service$355,538.26
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