Domus Meridian LLC Sells Miami Beach Residential Property For $4.9M With Buyer's Rep Mendel Fellig & Seller's Rep Dora Puig
2485 Meridian Ave, Miami Beach, FL, USA
$4,925,000
$883/SF
Building Size
5,575 SF
Asset Type
Co-Op
Closing
Feb 9, 2021
About this deal
AI
A residential property located at 2485 Meridian Ave in Miami Beach has been sold for a price of $4,925,000. The property spans over an area of 5,575 square feet, resulting in a price per square foot of $883. It was sold by Domus Meridian LLC.
Summary of transaction details:
- Property Type: Residential
- Transaction Amount: $4,925,000
- Square Footage: 5,575
- Price per Square Foot: $883
The buyer's representative in this transaction was Mendel Fellig, while the seller was represented by Dora Puig.
Players
Miami Beach Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.22%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93