Updated Feb 17, 2025
Acquires 16-Unit Multifamily In Miami Beach For $3.03M
1120-1130 Marseille Dr, Miami Beach, FL 33141
$3,030,000
$218/SF
Building Size
13,881 SF
Asset Type
MultiFamily
Closing
Nov 1, 2022
About this deal
AI
has acquired a multifamily property located at 1120-1130 Marseille Dr in Miami Beach. The transaction was facilitated by broker, Ingrid Andres, from The Island Your Real Estate Company. The property consists of 16 units and spans across 13,881 square feet. The sale price for the property was $3,030,000, resulting in a price per unit of $189,375 and a price per square foot of $218.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,030,000
- Address: 1120-1130 Marseille Dr, Miami Beach
- Market: Miami Beach
- Units: 16
- Price per Unit: $189,375
- Square Footage: 13,881
- Price per Square Foot: $218
This transaction was completed in 4 months, indicating a quick turnaround for the buyer, . The seller, Ariel Gorelik, entered into the deal facilitated by Ingrid Andres from The Island Your Real Estate Company.
On the Map
$3,030,000
$218/SF
MultiFamily
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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
5.24%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93