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Ingrid Andres Of Exclusively Yours Realty Represents Buyer In $1.8M Miami Beach Multifamily Sale

Property Image
SOLD
$1,800,000
Ingrid Andres
Jai Magner Koch

Florida

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MultiFamily6,016 SF
Sold 02/13/2025
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Property Image
SOLD

Ingrid Andres Of Exclusively Yours Realty Represents Buyer In $1.8M Miami Beach Multifamily Sale

1228 Marseille Drive

See Similar Deals
MultiFamily6,016 SF
Sold 02/13/2025
Ingrid Andres
Jai Magner Koch
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$299
Total Square Footage:6,016 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 1228 Marseille Drive in Miami Beach. The sale price for the property was $1,800,000, and it comprises 8 units, providing a price per unit of $225,000. The total square footage of the asset is 6,016, resulting in a price per square foot of $299.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,800,000
  • Units: 8
  • Price per Unit: $225,000
  • Square Footage: 6,016
  • Price per Square Foot: $299
  • Buyer's Representative: Ingrid Andres - Exclusively Yours Realty
  • Seller's Representative: Jai Magner Koch - Coldwell Banker

This transaction involved Ingrid Andres representing the buyer and Jai Magner Koch representing the seller. The representatives played key roles in facilitating the sale of this multifamily property in the Miami Beach market.

Players

Ingrid Andres
Exclusively Yours Realty
Ingrid Andres
8 deals$20.9M volume
BROKER
Jai Magner Koch
Coldwell Banker
Jai Magner Koch
1 deal$1.8M volume(305) 984-6966
BROKER

Details

SOLD
IMAGE: Ingrid Andres & Jai Magner Koch DATE: 02/13/2025 ADDRESS: 1228 Marseille Drive MARKET: Miami Beach ASSET TYPE: Multifamily BUYER'S REP: Ingrid Andres (@Realestate_Ing) - Exclusively Yours Realty (@ExclusivelyYoursRealty) SELLER'S REP: Jai Magner Koch (@Realtorinmiami) - Coldwell Banker (@ColdwellBankerAventura) SALE PRICE: $1,800,000 UNITS: 8 ~ PPU: $225,000 SF: 6,016 ~ PPSF: $299

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02