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1228 Marseille Drive

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

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

Ingrid Andres

Exclusively Yours Realty

Broker

$25.7M

vol

8 deals

Broker

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