Updated Aug 18, 2026
Jefferson Riddell Purchases 1201 Pennsylvania Ave MultiFamily Property For $1,625,000 From Federico Oliviero
1201 Pennsylvania Ave
$1,625,000
$169/SF
Building Size
9,600 SF
Asset Type
MultiFamily
Closing
Aug 2, 2018
About this deal
AI
The property asset involved in this transaction is a MultiFamily unit located at 1201 Pennsylvania Ave in the Miami Beach market. The sale was completed for a price of $1,625,000.00 and encompasses 9,600 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,625,000.00
- Address: 1201 Pennsylvania Ave
- Market: Miami Beach
- Asset Size: 9,600 SF
- Buyer: Jefferson Riddell
- Seller: Federico Oliviero
- Brokers: Arthur Porosoff, David Cohen (Horvath & Tremblay)
This transaction involved Jefferson Riddell as the buyer and Federico Oliviero as the seller. The brokerage representation for this deal was provided by Arthur Porosoff and David Cohen from Horvath & Tremblay.
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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93