Updated Dec 19, 2023
Nathaniel Talcott Acquires Multifamily Property In Miami Beach For $2.47M
1604 Michigan Avenue, Miami Beach, Florida 33139, United States
$2,470,000
$601/SF
Building Size
4,104 SF
Asset Type
MultiFamily
Closing
Aug 3, 2022
About this deal
AI
The multifamily property located at 1604 Michigan Ave in Miami Beach, FL has been sold in a recent transaction. The property spans 4,104 square feet and was sold for a price of $2,470,000, resulting in a price per square foot of $601.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,470,000
- Address: 1604 Michigan Ave, Miami Beach, FL
- Market: Miami Beach, FL
- Buyer: Nathaniel Talcott
- Seller: Antonino Pellicciotti
- Square Footage: 4,104
- Price per Square Foot: $601
Nathaniel Talcott is the buyer of the property, while Antonino Pellicciotti is the seller. The transaction represents a notable deal in the multifamily market of Miami Beach, FL.
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
6.42%
Cash-on-Cash
-1.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93