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333 Jefferson Avenue, Miami...

Luis Puig Acquires Multifamily Property In Miami Beach For $5.6M
SOLDMultiFamily

Luis Puig Acquires Multifamily Property In Miami Beach For $5.6M

333 Jefferson Avenue, Miami Beach, FL 33139

$5,567,000

$371/SF

Building Size

15,000 SF

Asset Type

MultiFamily

Closing

Aug 16, 2021

AI

A multifamily property located at 333 Jefferson Ave in Miami Beach has recently been sold. The property consists of 20 units with a total area of 15,000 square feet. The sale price for this transaction was $5,567,000, resulting in a price per unit of $278,350 and a price per square foot of $19. The seller, Nathan Cohen, sold the property to the buyer, Luis Puig.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,567,000
  • Address: 333 Jefferson Ave, Miami Beach
  • Market: Miami Beach

Gema Ruiz and Arnold Miranda from Cedano Realty Advisors acted as the brokers in this deal. They represented both the buyer and the seller in the transaction. The sale was closed on August 16, 2021.

For further information about other opportunities or to get in touch with Gema Ruiz and Arnold Miranda, you can contact them directly at 786-443-6768.

Cedano Realty Advisors, a boutique firm led by Frank Melo, CCIM, specializes in multifamily sales and retail transactions. You can find more about their services on their website: www.cedanocre.com.

Players

Gema Ruiz

Cedano Realty Advisors

Broker

$26.2M

vol

6 deals

Broker

Miami Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.85%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93