Andrew Mirmelli & Shawn Vardi Acquire Garage In South Beach For $19.6M
237 20th St, Miami Beach, Florida 33139, United States
$19,600,000
Building Size
—
Asset Type
Other
Closing
Apr 5, 2022
About this deal
AI
A garage property located at 237 20th Street in South Beach has been sold for $19,600,000. The transaction took place on 04/06/2022. The buyer of the property is Andrew Mirmelli and Shawn Vardi, while the seller is PGIM Real Estate. The lender involved in the deal is Popular Bank.
Summary of transaction details
- Property Type: Garage
- Transaction Amount: $19,600,000
- Address: 237 20th Street, South Beach
- Date: 04/06/2022
Andrew Mirmelli and Shawn Vardi acquired the garage property located at 237 20th Street in South Beach for $19,600,000. The transaction was facilitated by the seller, PGIM Real Estate. Popular Bank served as the lender in this deal.
On the Map
$19,600,000
Other
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93