Ritz-Carlton Residences Condo In Miami Beach Sells For $3.5M
4701 N Meridian, Miami Beach, FL 33140
$3,475,000
$1,136/SF
Building Size
3,057 SF
Asset Type
—
Closing
May 11, 2022
AI
The Ritz-Carlton Residences located at 4701 N. Meridian Ave in Miami Beach have been sold for a price of $3,475,000. This condominium unit spans across 3,057 square feet and has a price per square foot of $1,137.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,475,000
- Address: 4701 N. Meridian Ave - Ritz-Carlton Residences
- Market: Miami Beach
- Size: 3,057 square feet
- Price per Square Foot: $1,137
The sale of the Ritz-Carlton Residences was facilitated by Jaclyn Bild of Douglas Elliman. She represented the parties involved in this transaction.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.56%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93