Updated Aug 19, 2026
Antonio Pellicciotti Purchases Multifamily Property At 1604 Michigan Ave Miami Beach For $2,200,000
1604 Michigan Ave
$2,200,000
$536/SF
Building Size
4,104 SF
Asset Type
MultiFamily
Closing
Jul 8, 2018
About this deal
AI
The property asset involved in the transaction is a MultiFamily building located at 1604 Michigan Ave in the Miami Beach market. This asset has a total square footage of 4,104 and was sold for $2,200,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,200,000.00
- Address: 1604 Michigan Ave
- Market: Miami Beach
- Square Footage: 4,104
- Buyer: Antonio Pellicciotti
- Seller: Francesco Cecchini
- Broker Representatives: Arthur Porosoff, David Cohen (Horvath & Tremblay)
Antonio Pellicciotti acted as the buyer in this transaction, while Francesco Cecchini was the seller. The brokerage team consisting of Arthur Porosoff and David Cohen from Horvath & Tremblay represented the parties 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93