Elizabeth Joseph Acquires Multifamily Property From Kerry Demascus In Miami For $2,600,000
3162 Plaza Street & 3164 Plaza Street
$2,600,000
$525/SF
Building Size
4,946 SF
Asset Type
MultiFamily
Closing
Mar 12, 2026
AI
The property involved in this transaction is a multifamily asset located at 3162 & 3164 Plaza Street in the Miami market. It was sold for a total price of $2,600,000, encompassing 4,946 square feet, which equates to a price per square foot of $526.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Address: 3162 & 3164 Plaza Street
- Market: Miami
- Square Footage: 4,946
- Price Per Square Foot: $526
- Buyer: Elizabeth Joseph
- Seller: Kerry Demascus
- Brokers: Guillermo Freixas & Elli Scharlin - Compass
The individuals in this transaction include buyer Elizabeth Joseph and seller Kerry Demascus, with representation from brokers Guillermo Freixas and Elli Scharlin of Compass facilitating the sale. This transaction showcases the expertise and involvement of the brokers in managing the deal.
Players
Miami 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93