Updated Aug 18, 2026
Corina Lupu Purchases Multifamily Asset From Ian Burnstein In Miami For $10.1M
931 Sw 3rd St
$10,100,000
$202/SF
Building Size
49,831 SF
Asset Type
MultiFamily
Closing
Apr 2, 2019
About this deal
AI
The property asset involved in this transaction is located at 931 Sw 3rd St, Miami. This multifamily asset spans a square footage of 49,831 and was sold for a total price of $10,100,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $10,100,000.00
- Address: 931 Sw 3rd St
- Market: Miami
- Asset Size: 49,831 SF
- Buyer: Corina Lupu
- Seller: Ian Burnstein
- Broker Representatives: Arthur Porosoff, David Cohen (Horvath & Tremblay)
This transaction included key individuals such as the buyer, Corina Lupu, and the seller, Ian Burnstein. The deal was facilitated by broker representatives Arthur Porosoff and David Cohen from Horvath & Tremblay, acting on behalf of the involved parties.
Players
Miami 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
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93