Updated Aug 18, 2026
Fausto Callava Acquires Multifamily Property At 6881 Indian Creek Dr For $4.5M From Mark Wasser
6881 Indian Creek Dr
$4,500,000
$529/SF
Building Size
8,506 SF
Asset Type
MultiFamily
Closing
May 31, 2017
About this deal
AI
The property asset involved in this transaction is a multi-family building located at 6881 Indian Creek Dr, Miami Beach. The sale was finalized for $4,500,000.00 and encompasses a total square footage of 8,506. The Miami Beach market served as the backdrop for this deal.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,500,000.00
- Address: 6881 Indian Creek Dr
- Market: Miami Beach
- Square Footage: 8,506
- Buyer: Fausto Callava
- Seller: Mark Wasser
- Broker Representatives: Arthur Porosoff, David Cohen (Horvath & Tremblay)
The deal involved Fausto Callava as the buyer, while Mark Wasser served as the seller of the property. The transaction was facilitated by brokerage representatives Arthur Porosoff and David Cohen from Horvath & Tremblay, who played key roles in the negotiation and closing of this sale.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93