Updated Sep 21, 2026
Udi Goldschmidt Sells Sevilla Condominium Multifamily Units In Miami Beach For $3.08M
642 Michigan Avenue
$3,076,999
$230/SF
Building Size
13,345 SF
Asset Type
MultiFamily
Closing
Sep 3, 2026
About this deal
AI
The Sevilla Condominiums, located at 642 Michigan Avenue in Miami Beach, consists of 29 individually owned condo units. The property, a multifamily asset, sold for $3,076,999 and encompasses a total of 13,345 square feet, resulting in a price per square foot of $230. The property was delivered vacant at the time of sale.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,076,999
- Address: 642 Michigan Avenue - Sevilla Condominium
- Market: Miami Beach
- Seller: Udi Goldschmidt
- Broker: Gabriel Pena - Matthews
This transaction involved multiple unit owners coming together to sell all 29 units in a single transaction due to several code enforcement cases open regarding the building's expiring 40-Year Recertification.
Players
Miami Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
About $230 per square foot on a published $3.1M for 13,345 square feet (2026).
Visit Gabriel Pena to view all their deals.
Browse Miami Beach multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.16%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93