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4701 Meridian Avenue

Reid Heidenry And Marko Gojanovic Of ONE Sotheby's International Realty Represent Buyer In Miami Beach Condo Sale For $5.125M
SOLDCondo

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:

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

Reid Heidenry

Sotheby's International Realty

Broker

$516.9M

vol

42 deals

Broker
One Sotheby’s International Realty
One Sotheby’s International RealtyBrokerage

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