Updated Sep 5, 2024
Scott Levine Acquires Multifamily Property In Miami Beach For $4.2M
924 Marseille Drive, Miami Beach, Florida 33141, United States
$4,176,000
$363/SF
Building Size
11,475 SF
Asset Type
MultiFamily
Closing
Apr 13, 2022
About this deal
AI
Located at 924 Marseille Dr in Miami Beach, this multifamily property was recently sold. The sale transaction took place on April 14, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,176,000
- Units: 18
- Price per Unit: $232,000
- Square Footage: 11,475
- Price per Square Foot: $364
The buyer of this property is Scott Levine, while Eric Afriat and Joshua Perets acted as the sellers. The sale was facilitated by Melany Carcamo from KW Commercial, who represented both the buyer and the sellers in this transaction.
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
3.80%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93