Reid Heidenry And Marko Gojanovic Of ONE Sotheby's International Realty Represent Buyer In Miami Beach Condo Sale For $5.125M
4701 Meridian Avenue
$5,125,000
$1,916/SF
Building Size
2,674 SF
Asset Type
Condo
Closing
Jan 15, 2025
AI
The property involved in this transaction is a condo located at 4701 Meridian Avenue Unit 222 in the Miami Beach market. The sale price is $5,125,000, with a total square footage of 2,674, resulting in a price per square foot of $1,916.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,125,000
- Square Footage: 2,674
- Price Per Square Foot: $1,916
- Buyer's Representative: Reid Heidenry & Marko Gojanovic - ONE Sotheby's International Realty
- Seller's Representative: Ivan Madera - Fortune Christie's International Real Estate
The transaction was facilitated by Reid Heidenry and Marko Gojanovic, who represented the buyer, and Ivan Madera, who represented the seller, showcasing the collaboration of these real estate professionals in the Miami Beach market.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.10%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93