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
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
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93