Updated Aug 18, 2026
Debirah Cimadevilla Purchases MultiFamily Asset In North Miami Beach From Michael Spetko For $1,575,000
2270 Ne 171th St
$1,575,000
$73/SF
Building Size
21,358 SF
Asset Type
MultiFamily
Closing
Dec 9, 2013
About this deal
AI
The property asset involved in the transaction is located at 2270 Ne 171th St, North Miami Beach. The transaction closed at a price of $1,575,000.00 for a multifamily asset with a total square footage of 21,358.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,575,000.00
- Address: 2270 Ne 171th St
- Market: North Miami Beach
- Asset Size: 21,358 SF
- Buyer: Debirah Cimadevilla
- Seller: Michael Spetko
- Broker Representatives: Arthur Porosoff, Rafael Fermoselle (ElevenTrust Real Estate Services), Felipe Echarte (Marcus & Millichap)
The deal featured Debirah Cimadevilla as the buyer and Michael Spetko as the seller, with representation from Arthur Porosoff, Rafael Fermoselle of ElevenTrust Real Estate Services, and Felipe Echarte of Marcus & Millichap.
On the Map
$1,575,000
$73/SF
MultiFamily
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North 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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93