Monica Cohan Of MC Miami Realty Facilitates $7.8M Condo Sale In Miami Beach
SOLD
$7,800,000
Florida
See Similar DealsSingle Family5,936 SF
Sold 02/29/2024
SOLD
Monica Cohan Of MC Miami Realty Facilitates $7.8M Condo Sale In Miami Beach
4701 Meridian Avenue
See Similar DealsSingle Family5,936 SF
Sold 02/29/2024
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,314
Total Square Footage:5,936 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$415,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75
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