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
About this deal
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 . The sellers were .
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
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