Rene And Patricia Sindlev Acquire Townhouse In Continuum South Beach Miami For $6M
50 South Pointe Drive, Miami Beach, FL, USA
$6,000,000
$2,162/SF
Building Size
2,775 SF
Asset Type
Single Family Residence
Closing
Mar 26, 2019
AI
The townhouse located at 50 South Pointe Drive in Continuum South Beach Miami has been sold. The property, measuring 2,775 square feet, was purchased for a price of $6,000,000. This translates to a price per square foot of $2,162.
Summary of transation details
- Property Type: Townhouse
- Transaction Amount: $6,000,000
- Address: 50 South Pointe Drive
- Market: Continuum South Beach Miami
Rene and Patricia Sindlev, the co-founders of Dr. Smood, are the buyers of this townhouse. The sellers are Sterling and Clare Brinkley. The deal was facilitated by Sonia Toth and Keith Marks of Brown Harris Stevens, and Tim Allen of Blackstone International Realty represented the buyers as well.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93