Antonio Pardo Purchases 1986 Biarritz Dr Multifamily Property From Charles Burkett For $2,830,000
1986 Biarritz Dr
$2,830,000
$92/SF
Building Size
30,691 SF
Asset Type
MultiFamily
Closing
May 29, 2014
AI
The property asset involved in the transaction is located at 1986 Biarritz Dr in Miami Beach. This multi-family property encompasses a total square footage of 30,691 and was sold for a price of $2,830,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,830,000.00
- Address: 1986 Biarritz Dr
- Market: Miami Beach
- Square Footage: 30,691
- Buyer: Antonio Pardo
- Seller: Charles Burkett
- Brokers: Arthur Porosoff, Scott Sandelin (Marcus & Millichap), Ronnie Issenburg
This transaction saw Antonio Pardo as the buyer and Charles Burkett as the seller. The brokerage representation was provided by Arthur Porosoff and Scott Sandelin from Marcus & Millichap, along with Ronnie Issenburg, ensuring a professional handling of 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
5.61%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93