Updated Oct 28, 2024
Terry Tsianos Acquires Multifamily Property In Miami Beach For $2.45M
242 Meridian Avenue, Miami Beach, Florida 33139, United States
$2,450,000
$1,227/SF
Building Size
1,996 SF
Asset Type
MultiFamily
Closing
Mar 16, 2022
About this deal
AI
The multifamily property located at 242 Meridian Ave in Miami Beach has been sold in a recent transaction. The sale took place on March 17, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,450,000
- Address: 242 Meridian Ave
- Market: Miami Beach
The buyer of the property is Terry Tsianos, representing Pegasus Miami Investments lnc. On the other hand, Hajek Vlastimil acted as the seller in this transaction. The sale was facilitated through the assistance of Issam Elias Shalhoub Jr. PA, a broker from Avanti Way Realty.
The property has a total square footage of 1,879, with a price per square foot of $1,304. The initial asking price for the property was $2,500,000.
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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93