Updated Apr 10, 2025
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:
- Property Type: Multifamily
- Transaction Amount: $1,046,500
- Units: 4
- Square Footage: 3,251
- Price per Unit: $261,625
- Price per Square Foot: $321
- Buyer: Cole Scanlon
- Seller: Elizabeth Rose Talavara
- Broker 1: Robin Perez - Fausto Commercial Realty Consultants
- Broker 2: Elisabel Talavera - Lifestyle International Realty
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.
On the Map
$1,046,500
$321/SF
MultiFamily
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Players
Miami 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
15.16%
Cash-on-Cash
-4.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93