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1239 15th Street, Miami Bea...

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

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

1239 15th Street, Miami Beach, FL 33139

$2,540,000

$385/SF

Building Size

6,590 SF

Asset Type

MultiFamily

Closing

Sep 1, 2021

AI

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

Broker

$26.2M

vol

6 deals

Broker

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

6.25%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93