Updated Aug 19, 2026
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
About this deal
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