Updated Dec 21, 2023
Michael J Pardo & Caryn Shapiro Pardo Acquire 5& Family Property In Miami Beach, FL
424 West 29th Street, Miami Beach, Florida 33140, United States
$2,165,000
$793/SF
Building Size
2,729 SF
Asset Type
MultiFamily
Closing
Oct 13, 2022
About this deal
AI
A 5+ Family property located at 424 W 29th St in Miami Beach, FL has been sold on October 14, 2022. The property spans 2,729 square feet and was sold for a price of $2,165,000, resulting in a price per square foot of $793.
Summary of transaction details
- Property Type: 5+ Family
- Transaction Amount: $2,165,000
- Address: 424 W 29th St, Miami Beach, FL
- Square Feet: 2,729
The buyers of the property are Michael J Pardo & Caryn Shapiro Pardo, while the sellers are Marc P De Roca & Valerie B De Roca.
Players
Miami Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.33%
Cash-on-Cash
-2.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93