facebook
Traded Co logo
Submit

Felipe Veils Acquires Miami Beach Multifamily From Cima Management For $2.54M

Property Image
SOLD
$2,540,000
Gema Ruiz
AM

Florida

See Similar Deals
MultiFamily6,590 SF
Sold 09/01/2021
the dealplayerscompscontact
Property Image
SOLD

Felipe Veils Acquires Miami Beach Multifamily From Cima Management For $2.54M

1239 15th Street, Miami Beach, FL 33139

See Similar Deals
MultiFamily6,590 SF
Sold 09/01/2021
Gema Ruiz
AM
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$385
Total Square Footage:6,590 SF
Transaction Type:Sale

A multifamily property located at 1239 15th St in Miami Beach has been sold in a recent transaction. The property, consisting of 12 units, spans a total of 6,590 square feet. It is situated in a prime location in Miami Beach, making it a highly desirable asset. The sale price for the property was $2,540,000, which translates to a price per unit of $211,667. The price per square foot amounts to $385.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,540,000
  • Address: 1239 15th St, Miami Beach
  • Market: Miami Beach
  • Units: 12
  • Square Footage: 6,590

The buyer of the property is Felipe Veils, while the seller is Cima Management. The transaction was facilitated by Gema Ruiz and Arnold Miranda of Cedano Realty Advisors, representing the respective parties involved in the deal.

For more information or other opportunities, interested parties can directly contact Gema Ruiz and Arnold Miranda at 786-443-6768. Cedano Realty Advisors, a boutique firm owned by CCIM, specializes in multifamily sales and retail transactions.

Players

Gema Ruiz
Cedano Realty Advisors
Gema Ruiz
6 deals$26.2M volume
BROKER
AM
Arnold Miranda
2 deals$8.1M volume
BROKER

Details

SOLD
IMAGE: Arnold Miranda, Gema Ruiz & Frank Melo DATE: 09/01/2021 ADDRESS: 1239 15th St MARKET: Miami Beach ASSET TYPE: Multifamily BUYER: Felipe Veils SELLER: Cima Management BROKERS: Gema Ruiz & Arnold Miranda - Cedano Realty Advisors ASKING PRICE: $2,850,000 SALE PRICE: $2,540,000 UNITS: 12 ~ PPU: $211,667 SF: 6,590 ~ PPSF: $385 NOTE: Just Sold multifamily hard to find Prime Miami Beach location. Contact Gema Ruiz & Arnold Miranda directly at 786-443-6768 for other opportunities. Cedano Realty Advisors a Boutique firm owned by CCIM specializing in Multifamily sales and Retail transactions http://www.cedanocre.comwww.cedanocre.com>

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$135,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,024.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,040.90
Annual Debt Service$144,490.75