Ritz-Carlton Residences Condo In Miami Beach Sells For $3.5M
SOLD
$3,475,000
Florida
See Similar Deals3,057 SF
Sold 05/12/2022
SOLD
Ritz-Carlton Residences Condo In Miami Beach Sells For $3.5M
4701 N Meridian, Miami Beach, FL 33140
See Similar Deals3,057 SF
Sold 05/12/2022
Summary
FLORIDA
Price Per Square Foot:$1,136
Total Square Footage:3,057 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$185,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,345.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,473.27
Annual Debt Service$197,679.27
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