Updated Dec 21, 2023
Rodolfo Di Bacco & Rossana B Di Bacco Acquire Multifamily Property In Miami Beach For $3.7M
1345 Pennsylvania Avenue, Miami Beach, Florida 33139, United States
$3,700,000
$483/SF
Building Size
7,659 SF
Asset Type
MultiFamily
Closing
Jan 13, 2022
About this deal
AI
The multifamily property located at 1345 Pennsylvania Ave in Miami Beach, FL has been sold. The transaction took place on January 14, 2022 for a price of $3,700,000. The property spans across 7,659 square feet, resulting in a price per square foot of $483.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,700,000
- Address: 1345 Pennsylvania Ave, Miami Beach, FL
- Market: Miami Beach, FL
- Square Footage: 7,659
- Price per Square Foot: $483
The buyers of the property are Rodolfo Di Bacco & Rossana B Di Bacco, while the sellers are Pedro Florez Gutierrez & Josefina Rosa Diaz De Florez. Both parties were represented by their respective brokers.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93