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2485 Meridian Avenue

Jordan Karp LLC Represents Buyer In $9.5M Single Family Sale, Miami Beach
SOLDSingle Family

Jordan Karp LLC Represents Buyer In $9.5M Single Family Sale, Miami Beach

2485 Meridian Avenue

$9,500,000

$1,785/SF

Building Size

5,320 SF

Asset Type

Single Family

Closing

Mar 4, 2024

AI

The single-family property located at 2485 Meridian Avenue in Miami Beach was recently sold for $9,500,000. Spanning 5,320 square feet, the property was sold at a price per square foot of $1,786. Jordan Karp of Jordan Karp LLC represented the buyer in this transaction, while Mendel Fellig of Compass represented the seller.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $9,500,000
  • Address: 2485 Meridian Avenue
  • Market: Miami Beach
  • Buyer's Rep: Jordan Karp - Jordan Karp LLC
  • Seller's Rep: Mendel Fellig - Compass
  • SF: 5,320
  • PPSF: $1,786

Both Mendel Fellig and Jordan Karp played pivotal roles in the successful completion of this real estate transaction in Miami Beach. Fellig, representing the seller, and Karp, representing the buyer, demonstrated their expertise and negotiation skills, ensuring a smooth and efficient sale of the property at 2485 Meridian Avenue. Photo by: Lenny Kagan

Players

Mendel Fellig

Compass

Broker

$201.9M

vol

28 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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93