Louis Puig Acquires Multifamily Property In Miami Beach For $5.6M
333 Jefferson Avenue, Miami Beach, FL, USA
$5,600,000
$452/SF
Building Size
12,371 SF
Asset Type
MultiFamily
Closing
Jul 15, 2021
AI
The multifamily property located at 333 Jefferson Avenue in Miami Beach has been sold in a recent transaction. The sale took place on July 16, 2021, and the property was purchased for a total price of $5,600,000. The property consists of 24 units, resulting in a price per unit of $233,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,600,000
- Units: 24
- Price Per Unit: $233,333
Louis Puig was the buyer in this transaction, while Nathaniel Cohen, Steven Athea, and Yonel Fellous were the sellers. Gema Ruiz, from Cedano Realty Advisors, and Jose Maria de Guzman represented the buyer. On the seller's side, Susan Gale and Serena Joaquim, from One Sotheby's International Realty, acted as the seller's representatives in the deal.
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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93