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

Property Image
SOLD
$5,600,000
Serena Joaquim
Gema Ruiz
+ 1

Florida

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MultiFamily12,371 SF
Sold
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Property Image
SOLD

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

333 Jefferson Avenue, Miami Beach, FL, USA

See Similar Deals
MultiFamily12,371 SF
Sold
Serena Joaquim
Gema Ruiz
+ 1
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$452
Total Square Footage:12,371 SF
Transaction Type:Sale

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

Gema Ruiz
6 deals$26.2M volume
BROKER

Jose Maria de Guzman
1 deal$5.6M volume
BROKER

Susan Gale
Sotheby's International Realty
9 deals$208.4M volume
BROKER

Serena Joaquim
Sotheby's International Realty
1 deal$5.6M volume
BROKER

Details

SOLD
IMAGE: Susan Gale & Serena Joaquim DATE: 07/16/2021 ADDRESS: 333 Jefferson Avenue MARKET: Miami Beach ASSET TYPE: Multifamily BUYER: Louis Puig SELLER: Nathaniel Cohen, Steven Athea & Yonel Fellous BUYER'S REP: Gema Ruiz - Cedano Realty Advisors; Jose Maria de Guzman SELLER'S REP: Susan Gale & Serena Joaquim - One Sotheby’s International Realty SALE PRICE: $5,600,000 UNITS: 24 ~ PPU: $233,333

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

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