Updated Dec 21, 2023
David Kattan Acquires 5& Family Property In Miami Beach For $2.5M
2843 Sheridan Avenue, Miami Beach, Florida 33140, United States
$2,500,000
$408/SF
Building Size
6,128 SF
Asset Type
MultiFamily
Closing
Jun 19, 2022
About this deal
AI
The 5+ Family property located at 2843 Sheridan Ave in Miami Beach, FL has been sold. The transaction took place on June 20, 2022. The property spans a total area of 6,128 square feet, with a price per square foot of $407. The sale price amounted to $2,500,000. The buyer of the property is David Kattan, while the seller is Federico Trotta.
Summary of transaction details:
- Property Type: 5+ Family
- Transaction Amount: $2,500,000
- Address: 2843 Sheridan Ave, Miami Beach, FL
- Square Footage: 6,128
- Price per Square Foot: $407
David Kattan and Federico Trotta were the key individuals involved in this transaction. Their respective roles were as the buyer and seller. They represented themselves in the deal.
Players
Miami Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93