Jasmin Brackett Of The Inside Network Represents Buyer In Miami Beach Multifamily Sale For $3.45M
1413 Sunset Drive
$3,450,000
$1,425/SF
Building Size
2,420 SF
Asset Type
MultiFamily
Closing
Jan 30, 2025
AI
The multifamily property located at 1413 Sunset Drive in the Miami Beach market has a sale price of $3,450,000. The asset encompasses 2,420 square feet, translating to a price per square foot of $1,425.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,450,000
- Address: 1413 Sunset Drive
- Market: Miami Beach
- Square Footage: 2,420
- Price per Square Foot: $1,425
- Buyer's Representative: Jasmin Brackett - The Inside Network
- Seller's Representatives: Mendel Fellig & Lily Choi - Compass
- Attorney: Naomi Ayala - The Ayala Firm
The deal involved key representatives from both sides, with Jasmin Brackett from The Inside Network representing the buyer. The seller was represented by Mendel Fellig and Lily Choi from Compass, while the legal aspects of the transaction were handled by Naomi Ayala from The Ayala Firm.
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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93