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290 South Coconut Lane

Paulo, Pietro & Bruno Bacchi Of Artefacto Acquire SFR In Miami Beach For $5.4M
SOLDCo-Op

Paulo, Pietro & Bruno Bacchi Of Artefacto Acquire SFR In Miami Beach For $5.4M

290 South Coconut Lane

$5,400,000

$771/SF

Building Size

7,000 SF

Asset Type

Co-Op

Closing

Dec 7, 2022

AI

The single-family residence located at 290 South Coconut Lane in Miami Beach has been sold. The property covers 7,000 square feet and was purchased for a total price of $5,400,000. The price per square foot amounts to $771.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $5,400,000
  • Address: 290 South Coconut Lane, Miami Beach
  • Market: Miami Beach

The buyers of the property were Paulo, Pietro, and Bruno Bacchi from Artefacto. They were represented by broker Monica Cohan from MC Miami Realty LLC. The sellers were 1FF, LLC.

It is important to note the involvement of Artefacto, a prominent name in the industry, in the purchase of this property. With its expertise in luxurious furniture and design, Artefacto is well-suited to make this investment.

Players

Paulo Bacchi

Artefacto

Buyer

$28.2M

vol

4 deals

Buyer
A
ArtefactoBuyer

Miami Beach Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93