Robert Rivani's Black Lion Acquires $7.5M Special Purpose Asset In Miami Beach
4701 Meridian Avenue, Miami Beach, Florida 33140, United States
$7,500,000
$1,612/SF
Building Size
4,650 SF
Asset Type
—
Closing
May 5, 2022
About this deal
AI
Located at 4701 Meridian Ave PH L02 in Miami Beach, this special purpose property was sold in a closed transaction on 05/06/2022. The property spans 4,650 square feet and was sold at a price of $7,500,000, resulting in a price per square foot (PPSF) of $1,613. The buyer of the property is Robert Rivani, represented by Black Lion. The transaction was facilitated by Dina Goldentayer from Douglas Elliman.
Summary of transaction details
- Property Type: Special Purpose
- Transaction Amount: $7,500,000
- Address: 4701 Meridian Ave PH L02, Miami Beach
- Market: Miami Beach
- Buyer: Robert Rivani - Black Lion
- Seller: N/A
- Date: 05/06/2022
- Broker: Dina Goldentayer - Douglas Elliman
Robert Rivani, the buyer of the property, was represented by Black Lion, while Dina Goldentayer from Douglas Elliman served as the broker in this transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93