Santosh Subramaniam & Rithika Maharajan Sell Townhouse In Miami For $1.08M With Ralph Garcia As Buyer's Rep
3024 Southwest 16th Terrace
$1,080,000
$492/SF
Building Size
2,195 SF
Asset Type
Condo
Closing
Dec 29, 2025
About this deal
AI
The property involved in the transaction is a townhouse located at 3024 Southwest 16th Terrace Unit 3024 in Miami. The asset was sold for $1,080,000, encompassing a total square footage of 2,195, which results in a price per square foot of $492.
Summary of transaction details:
- Property Type: Townhouse
- Transaction Amount: $1,080,000
- Address: 3024 Southwest 16th Terrace Unit 3024
- Market: Miami
- Seller: Santosh Subramaniam & Rithika Maharajan
- Buyer's Representative: Ralph Garcia, PA - The Keyes Company
- Square Footage: 2,195
- Price per Square Foot: $492
Ralph Garcia, PA represented the buyers in this closed transaction, securing the property for his clients $115,000 below the asking price. He expressed congratulations to the buyers on their deal and invited potential clients seeking similar opportunities to reach out.
On the Map
$1,080,000
$492/SF
Condo
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Players
Miami 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
14.69%
Cash-on-Cash
-4.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93