Updated Dec 4, 2024
Monica Cohan Of MC Miami Realty Facilitates $7.8M Condo Sale In Miami Beach
4701 Meridian Avenue
$7,800,000
$1,314/SF
Building Size
5,936 SF
Asset Type
Single Family
Closing
Feb 29, 2024
About this deal
AI
The asset involved in the transaction is a condominium located at 4701 Meridian Avenue, Miami Beach. The property spans 4,535 square feet and was sold for $7,800,000, resulting in a price per square foot of $1,720.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,800,000
- Address: 4701 Meridian Avenue, Miami Beach
- Square Footage: 4,535
- Seller: One Hotel PH - Erick Alexander
- Seller's Representative: Monica Cohan - MC Miami Realty
Monica Cohan of MC Miami Realty represented the seller, One Hotel PH, in the sale of the condo at 4701 Meridian Avenue, Miami Beach.
On the Map
$7,800,000
$1,314/SF
Single Family
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93