Updated Aug 18, 2026
Alberto Bullo Purchases Multifamily Property At 1600 Pennsylvania Ave From James Resnick For $2,350,000
1600 Pennsylvania Ave
$2,350,000
$267/SF
Building Size
8,780 SF
Asset Type
MultiFamily
Closing
Oct 15, 2012
About this deal
AI
The asset involved in this transaction is a multifamily property located at 1600 Pennsylvania Ave, Miami Beach. The property consists of 8,780 square feet and was sold for $2,350,000.00.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $2,350,000.00
- Address: 1600 Pennsylvania Ave
- Market: Miami Beach
- Square Footage: 8,780
- Buyer: Alberto Bullo
- Seller: James Resnick
- Broker: Arthur Porosoff
This transaction was facilitated by broker Arthur Porosoff, who represents the interests of the parties involved in the deal, particularly in negotiating the terms between buyer Alberto Bullo and seller James Resnick.
Players
Miami Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit James Resnick to view all their deals.
Browse Miami Beach multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93