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

Property Image
SOLD
$2,725,000

Florida

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MultiFamily5,231 SF
Sold 06/27/2022
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily5,231 SF
Sold 06/27/2022
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$520
Total Square Footage:5,231 SF
Transaction Type:Sale

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
Priscilla Ortega
1 deal$2.7M volume
BROKER

Details

SOLD
IMAGE: Priscilla Ortega DATE: 06/27/2022 ADDRESS: 1550 Meridian Ave MARKET: Miami Beach ASSET TYPE: Multifamily BUYER: Priscilla Ortega SELLER: Brigitte Lina BROKER: Priscilla Ortega (@PriscillaRealEstate) - NXT LVL Realty (@NxtLvlRealty), (@NxtLvlAgents),(@CommercialRealEstateMiami) SALE PRICE: $2,725,000 UNITS: 8 ~ PPU: $340,625

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$9,681.36
Cash-on-Cash Return-1.27%
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