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
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.
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