Updated Aug 24, 2026
Gloria Caceres Purchases Multifamily Property At 1034 Pennsylvania Ave From Magaly Suarez For $3,806,300
1034 Pennsylvania Ave
$3,806,300
$442/SF
Building Size
8,600 SF
Asset Type
MultiFamily
Closing
Mar 31, 2011
About this deal
AI
The property asset involved in the transaction is a multi-family building located at 1034 Pennsylvania Ave, Miami Beach. The asset spans a total of 8,600 square feet and was sold for a price of $3,806,300.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,806,300.00
- Address: 1034 Pennsylvania Ave
- Market: Miami Beach
- Square Footage: 8,600
- Buyer: Gloria Caceres
- Seller: Magaly Suarez
- Brokers: Arthur Porosoff
The key individuals involved in this transaction include the buyer, Gloria Caceres, and the seller, Magaly Suarez, with representation from broker Arthur Porosoff overseeing the deal.
Players
Miami Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93