Updated Dec 20, 2023
Bruno Grillo Acquires Multifamily Property In Miami Beach For $2.25M
2921 Sheridan Avenue, Miami Beach, Florida 33140, United States
$2,250,000
$502/SF
Building Size
4,478 SF
Asset Type
MultiFamily
Closing
May 10, 2022
About this deal
AI
A multifamily property located at 2921 Sheridan Ave, Miami Beach, FL was recently sold for $2,250,000. The property has a total square footage of 4,478, resulting in a price per square foot of $502.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Square Footage: 4,478
- Price per Square Foot: $502
- Address: 2921 Sheridan Ave, Miami Beach, FL
The buyer of the property is Bruno Grillo, while the sellers are Frank Dieterich and Jeannine Dieterich.
The multifamily sale at 2921 Sheridan Avenue, Miami Beach, Florida 33140, United States in Miami Beach, Florida sold for $2.3M in 2022. The building is 4,478 square feet, implying about 502 per square foot on the published price. This page is the Miami Beach, Florida file for the 2921 Sheridan Avenue, Miami Beach, Florida 33140, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach multifamily set by closing date to see what else sold near 2921 Sheridan Avenue, Miami Beach, Florida 33140, United States around 2022. Published consideration for 2921 Sheridan Avenue, Miami Beach, Florida 33140, United States is $2.3M, dated 2022. Cite this Bruno Grillo Acquires Multifamily Property In Miami Beach For $2.25M sale when underwriting similar multifamily product around Miami Beach, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93