Loren Ridinger & James Ridinger Acquire Condo In Miami For $18.5M
$18,500,000
Building Size
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Asset Type
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Closing
Dec 17, 2021
AI
Located in Miami, this condo was recently sold in a closed transaction. The property, with a total area of 10,338 square feet, boasts a prime location in the market. The sale took place on December 17, 2021.
Summary of transaction details
- Property Type: Condo
- Sale Price: $18,500,000
- Price Per Square Foot: $1,790
The buyer of this condo is Loren Ridinger, along with James Ridinger representing Market America. On the other hand, the seller is Miracle Museum LLC. The deal was facilitated by Seth Semilof from HL Real Estate Group.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93