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4225 Meridian Avenue, Miami...

Compass Acquires Single Family Home In Miami Beach For $5.3M
SOLDSingle Family Residence

Compass Acquires Single Family Home In Miami Beach For $5.3M

4225 Meridian Avenue, Miami Beach, FL, USA

$5,300,000

$1,148/SF

Building Size

4,614 SF

Asset Type

Single Family Residence

Closing

Mar 21, 2021

AI

A single-family property located at 4225 Meridian Ave in Miami Beach was recently sold for a total price of $5,300,000. The property spans across 4,614 square feet, yielding a price per square foot of $1,149. The sale took place on March 22, 2021.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $5,300,000
  • Address: 4225 Meridian Ave, Miami Beach
  • Market: Miami Beach

The seller of the property was Jose M. Garcia, while the buyer was represented by Mendel Fellig from Compass. Nelson Gonzalez from BHHS EWM Realty acted as the seller's representative in the transaction. The deal was facilitated by these key individuals and companies.

Players

Nelson Gonzalez

Berkshire Hathaway HomeServices

Broker

$761.2M

vol

44 deals

Broker

Jose M. Garcia

Seller

$32.3M

vol

4 deals

Seller

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93