Compass Acquires Single Family Home In Miami Beach For $5.3M
SOLD
$5,300,000
Florida
See Similar DealsSingle Family Residence4,614 SF
Sold 03/22/2021
SOLD
Compass Acquires Single Family Home In Miami Beach For $5.3M
4225 Meridian Avenue, Miami Beach, FL, USA
See Similar DealsSingle Family Residence4,614 SF
Sold 03/22/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,148
Total Square Footage:4,614 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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