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2292 Southwest 16th Terrace

Updated Apr 10, 2025

Cole Scanlon Acquires Multifamily Property From Elizabeth Rose Talavara In Miami For $1.0465M
SOLDMultiFamily

Cole Scanlon Acquires Multifamily Property From Elizabeth Rose Talavara In Miami For $1.0465M

2292 Southwest 16th Terrace

$1,046,500

$321/SF

Building Size

3,251 SF

Asset Type

MultiFamily

Closing

Mar 21, 2025

About this deal

AI

This multifamily asset, located at 2292 Southwest 16th Terrace in Miami, was sold for $1,046,500. The property comprises 4 units and spans 3,251 square feet, resulting in a price per unit of $261,625 and a price per square foot of $321.

Summary of transaction details:

Cole Scanlon acted as the buyer in this transaction, while Elizabeth Rose Talavara was the seller. The deal was facilitated by two brokers: Robin Perez representing Fausto Commercial Realty Consultants and Elisabel Talavera from Lifestyle International Realty, who both played significant roles in successfully closing this transaction.

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$1,046,500

$321/SF

MultiFamily

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Players

Robin Perez

Fausto Commercial Realty Consultants

Broker

$10.6M

vol

7 deals

Broker

Cole Scanlon

Buyer

$1M

vol

1 deal

Buyer
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Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $321 per square foot on a published $1M for 3,251 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.16%

Cash-on-Cash

-4.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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