Updated Dec 4, 2024
Adi Nahmani Acquires Multifamily Asset In Miami Beach For $2.4M
1535 West Avenue, Miami Beach, Florida 33139, United States
$2,400,000
$324/SF
Building Size
7,392 SF
Asset Type
MultiFamily
Closing
May 26, 2022
About this deal
AI
The multifamily property located at 1535 West Ave in Miami Beach, FL was recently sold in a closed transaction on May 27, 2022. The property spans across 7,392 square feet and was sold for a total price of $2,400,000, resulting in a price per square foot of $324.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
The buyer of the property was Adi Nahmani, while the seller was Michelle Picciolo. Adi Nahmani was represented by their broker from an undisclosed agency.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93