facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

1550 Meridian Avenue, Miami...

Priscilla Ortega Acquires 8-Unit Multifamily In Miami Beach For $2.7M
SOLDMultiFamily

Priscilla Ortega Acquires 8-Unit Multifamily In Miami Beach For $2.7M

1550 Meridian Avenue, Miami Beach, Florida 33139, United States

$2,725,000

$520/SF

Building Size

5,231 SF

Asset Type

MultiFamily

Closing

Jun 26, 2022

AI

A multifamily property located at 1550 Meridian Ave in Miami Beach has been sold for a total price of $2,725,000. The property consists of 8 units, with a price per unit of $340,625. The transaction took place on 06/27/2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,725,000
  • Address: 1550 Meridian Ave, Miami Beach
  • Market: Miami Beach
  • Buyer: Priscilla Ortega
  • Seller: Brigitte Lina
  • Broker: Priscilla Ortega - NXT LVL Realty

The buyer, Priscilla Ortega, acquired the property from the seller, Brigitte Lina. Priscilla Ortega also acted as the broker for this transaction, representing both the buyer and the seller. NXT LVL Realty was the agency involved in the deal.

Players

Priscilla Ortega

NXT LVL Realty

Broker

$2.7M

vol

1 deal

Broker

Miami Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.82%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93