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
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.
Players
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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93