Updated Dec 21, 2023
Stephanie Fox And Zachary Fox Acquire 5& Family Property In Miami Beach For $2.5M
4258 North Michigan Avenue, Miami Beach, Florida 33140, United States
$2,475,000
$1,107/SF
Building Size
2,234 SF
Asset Type
MultiFamily
Closing
Jun 20, 2022
About this deal
AI
The 5+ family property located at 4258 Michigan Ave in Miami Beach, FL was recently sold. The transaction took place on June 21, 2022, with Dario Lorenzo as the seller. Stephanie Fox & Zachary Fox were the buyers of the property.
Summary of transaction details
- Property Type: 5+ Family
- Transaction Amount: $2,475,000
- Square Footage: 2,234
- Price per Square Foot: $1,107
- Address: 4258 Michigan Ave, Miami Beach, FL
- Market: Miami Beach, FL
This transaction marks the successful acquisition of the 5+ family property by Stephanie Fox & Zachary Fox from Dario Lorenzo. The property spans a total of 2,234 square feet, with a price per square foot of $1,107. The buyers saw value in this property and completed the purchase on June 21, 2022, in Miami Beach, FL.
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
6.41%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93