Reid Heidenry And Marko Gojanovic Of ONE Sotheby's International Realty Represent Buyer In Miami Beach Condo Sale For $5.125M
SOLD
$5,125,000
Florida
See Similar DealsCondo2,674 SF
Sold 01/15/2025
SOLD
Reid Heidenry And Marko Gojanovic Of ONE Sotheby's International Realty Represent Buyer In Miami Beach Condo Sale For $5.125M
4701 Meridian Avenue
See Similar DealsCondo2,674 SF
Sold 01/15/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,916
Total Square Footage:2,674 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$273,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,208.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,295.11
Annual Debt Service$291,541.38
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