Updated Dec 21, 2023
Fabien Tremoulet Acquires Multifamily Property In Miami Beach For $4.2M
7700 Tatum Waterway Drive, Miami Beach, FL 33141
$4,200,000
$448/SF
Building Size
9,360 SF
Asset Type
MultiFamily
Closing
Jan 16, 2022
About this deal
AI
Located in Miami Beach, the multifamily property at 7700 Tatum Waterway Drive has been sold in a recent transaction. The property consists of 9 units, with a total square footage of 9,360. The sale price for this transaction was $4,200,000, resulting in a price per unit of $466,667 and a price per square foot of $449.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Address: 7700 Tatum Waterway Drive
- Market: Miami Beach
The buyer of the property is Fabien Tremoulet, while the seller is Manolis Macropulos. The deal was facilitated by Joseph Thomas, Adam Duncan, and Alec Demetriou from Marcus & Millichap. These brokers represented their respective parties in the transaction.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93