Ingrid Andres Of Exclusively Yours Realty Represents Buyer In $1.8M Miami Beach Multifamily Sale
1228 Marseille Drive
$1,800,000
$299/SF
Building Size
6,016 SF
Asset Type
MultiFamily
Closing
Feb 13, 2025
AI
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
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93