Updated Feb 21, 2025
Robert Rivani Sells Miami Beach Penthouse At Ritz-Carlton Residences For $8M
4701 Meridian Avenue
$8,000,000
$1,347/SF
Building Size
5,936 SF
Asset Type
Single Family
Closing
Jan 9, 2024
About this deal
AI
Real estate investor Robert Rivani, recognized for his mohawk, sold his Miami Beach penthouse at the Ritz-Carlton Residences for $8 million. The four-bedroom, 4,525 sq ft residence features bay and ocean views, a chef's kitchen, and access to amenities such as a private marina and rooftop pool deck. The property, located at 4701 Meridian Avenue Unit-LPH02, is situated in the market of Miami Beach. The sale price equates to a price per square foot of $1,764.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $8,000,000
- Seller: Robert Rivani - Black Lion Investment Group
- Buyer's Representative: Sildy Cervera - Cervera Real Estate
- Broker: Dina Goldentayer - Douglas Elliman
- Market: Miami Beach
Real estate investor Robert Rivani sold his Miami Beach penthouse at the Ritz-Carlton Residences for $8 million, with Sildy Cervera of Cervera Real Estate representing the buyer. Dina Goldentayer from Douglas Elliman acted as the broker for the transaction.
Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $8M for 5,936 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93