Updated Aug 18, 2026
Sofia Powell-Cosio Purchases 310 Meridian Ave Multifamily In Miami Beach For $4,137,500
310 Meridian Ave
$4,137,500
$465/SF
Building Size
8,884 SF
Asset Type
MultiFamily
Closing
Apr 16, 2021
About this deal
AI
The property asset involved in the transaction is located at 310 Meridian Ave, Miami Beach. This MultiFamily asset spans a total of 8,884 square feet and was sold for $4,137,500.00.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $4,137,500.00
- Address: 310 Meridian Ave
- Market: Miami Beach
- Asset Size: 8,884 SF
- Buyer: Sofia Powell-Cosio (Tea Ice Cream Company)
- Seller: Martin Urruela (Tea Ice Cream Company)
- Broker Representatives: Arthur Porosoff, David Cohen (Horvath & Tremblay)
This transaction involved Sofia Powell-Cosio and Martin Urruela, both associated with Tea Ice Cream Company, marking a notable change in ownership. The deal was facilitated by brokers Arthur Porosoff and David Cohen from Horvath & Tremblay, indicating a professional engagement in the real estate sector.
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
3.83%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93