Updated Jun 29, 2026
Matteo Soldatini Of At Mine Hospitality Acquires Multifamily Properties In Miami Beach For 38 Units
807 Alton Road & 1355 Drexel Avenue
Units
38
Asset Type
MultiFamily
Closing
Jun 29, 2026
About this deal
AI
This transaction involves a multifamily asset with a total of 38 apartment units located at 807 Alton Road and 1355 Drexel Avenue in Miami Beach, FL. The properties include 20 suites at Alton Apartments and 18 suites at Drexel Apartments, designed for both short- and extended-stay accommodations.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 38
- Buyer: Matteo Soldatini
- Company: At Mine Hospitality
- Date: 06/29/2026
- Address: 807 Alton Road & 1355 Drexel Avenue
- Market: Miami Beach, FL
At Mine Hospitality has assumed management of both Alton Apartments and Drexel Apartments, enhancing its managed portfolio with these properties. The transaction indicates a strategic move to incorporate additional aparthotel suites into their offerings.
On the Map
MultiFamily
View full map
Altoona MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Altoona multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93