Updated Aug 18, 2026
Cesar Zerene Purchases MultiFamily Property At 1429 Washington Ave From Peter Neary For $2,500,000
1429�washington Ave
$2,500,000
$619/SF
Building Size
4,037 SF
Asset Type
MultiFamily
Closing
May 29, 2015
About this deal
AI
The property asset involved in this transaction is a MultiFamily building located at 1429 Washington Ave in Miami Beach. The sale occurred on May 29, 2015, for a total price of $2,500,000. The asset has a square footage of 4,037.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,500,000.00
- Address: 1429 Washington Ave
- Market: Miami Beach
- Asset Size: 4,037 SF
- Buyer: Cesar Zerene
- Seller: Peter Neary
- Broker Representatives: Arthur Porosoff, Scott Sandelin (Marcus & Millichap), Ronnie Issenburg, Gabriel Britti (Marcus & Millichap)
The deal was represented by Arthur Porosoff and Scott Sandelin from Marcus & Millichap for the buyer, Cesar Zerene, while Ronnie Issenburg and Gabriel Britti from Marcus & Millichap represented the seller, Peter Neary.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93