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333 Jefferson Avenue, Miami...

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

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

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

2.83%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93