Updated Aug 18, 2026
Stephen Werdiger Acquires MultiFamily Asset From Cindy McNulty In Miami Beach For $8.2M
3003 Indian Creek Dr
$8,200,000
$441/SF
Building Size
18,575 SF
Asset Type
MultiFamily
Closing
Oct 5, 2016
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 3003 Indian Creek Dr in the Miami Beach market. The property encompasses 18,575 square feet and was sold for a total price of $8,200,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,200,000.00
- Address: 3003 Indian Creek Dr
- Market: Miami Beach
- Square Footage: 18,575
- Buyer: Stephen Werdiger
- Seller: Cindy McNulty
- Broker: Arthur Porosoff
The transaction showcases the involvement of Stephen Werdiger as the buyer and Cindy McNulty as the seller. Arthur Porosoff acted as the broker representing the seller in this deal.
On the Map
$8,200,000
$441/SF
MultiFamily
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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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93