Arcenio A. Barrios Sells Miami Beach Condo For $5.9M With Brokers Mushka Jacobson & Dina Goldentayer - Douglas Elliman
SOLD
$5,900,000
Florida
See Similar Deals3,372 SF
Sold 05/04/2022
SOLD
Arcenio A. Barrios Sells Miami Beach Condo For $5.9M With Brokers Mushka Jacobson & Dina Goldentayer - Douglas Elliman
4701 North Meridian Avenue, Miami Beach, Florida 33140, United States
See Similar Deals3,372 SF
Sold 05/04/2022
Summary
FLORIDA
Price Per Square Foot:$1,749
Total Square Footage:3,372 SF
Transaction Type:Sale
The condominium located at 4701 N Meridian Ave in Miami Beach has been sold in a recent transaction. The property spans a total area of 3,372 square feet and is categorized as a condo. The sale price for this asset was $5,900,000, resulting in a price per square foot of $1,750. The seller of this property was Arcenio A. Barrios.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,900,000
- Address: 4701 N Meridian Ave, Miami Beach
- Square Footage: 3,372
- Seller: Arcenio A. Barrios
- Brokers: Mushka Jacobson & Dina Goldentayer - Douglas Elliman
- Price Per Square Foot: $1,750
Mushka Jacobson and Dina Goldentayer of Douglas Elliman represented the seller, Arcenio A. Barrios, in this successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
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