The Ritz Carlton Residences Sells Condo In Miami Beach For $5.15M With Brokers Judith Hofman & Darin Tansey
4701 Meridian Ave, Miami Beach, FL, USA
$5,150,000
$1,256/SF
Building Size
4,100 SF
Asset Type
—
Closing
Sep 20, 2021
AI
The Ritz Carlton Residences sold a 4,100 square foot condo located at 4701 Meridian Ave, Apt 501 in Miami Beach. The property was sold on September 20, 2021, for a sale price of $5,150,000. The asking price for the condo was $5,600,000, resulting in a price per square foot of $1,256.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,150,000
- Address: 4701 Meridian Ave, Apt 501, Miami Beach
- Market: Miami Beach
- Asset Type: Condo
Judith Hofman and Darin Tansey from Douglas Elliman represented the seller, The Ritz Carlton Residences, in this sale transaction.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93