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2375 Meridian Avenue

Modesta Diaz Sells Single Family Home In Miami Beach For $3.15M
SOLDSingle Family

Modesta Diaz Sells Single Family Home In Miami Beach For $3.15M

2375 Meridian Avenue

$3,150,000

$1,237/SF

Building Size

2,545 SF

Asset Type

Single Family

Closing

Jun 11, 2024

AI

The single-family property located at 2375 Meridian Avenue in Miami Beach was sold in a recent transaction. The property spans 2,545 square feet and was sold for $3,150,000, at a price per square foot of $1,238. The seller of the property was Modesta Diaz, and the buyer's representative was Mallory McGuire from Sotheby's International Realty, while the seller's representative was Michael Buttacavoli from Berkshire Hathaway HomeServices EWM Realty.

Summary of transaction details:

Mallory McGuire from Sotheby's International Realty served as the buyer's representative in the deal, showcasing expertise in the Miami Beach market. On the other side, Michael Buttacavoli from Berkshire Hathaway HomeServices EWM Realty represented the seller, ensuring a smooth transaction process for the sale of the property.

Players

Mallory McGuire

Sotheby's International Realty

Broker

$73.2M

vol

10 deals

Broker

Miami Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93