Updated Dec 4, 2024
Christian Delgado Acquires Single Family Residence On Marseille Drive For $4.5M
1355 Marseille Drive
$4,500,000
$1,375/SF
Building Size
3,271 SF
Asset Type
Single Family
Closing
Apr 30, 2024
About this deal
AI
The single-family property located at 1355 Marseille Drive in Miami Beach was sold for $4.5 million. Spanning 3,271 square feet, the property was listed and sold at a price of $1,376 per square foot. The transaction took place on the 30th of April, 2024, with Christian Delgado acquiring the property from Dan Recio & Stephanie Pope. The Inside Network represented both the buyer and the seller in this deal.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,500,000
- Buyer: Christian Delgado
- Seller: Dan Recio & Stephanie Pope
- Brokers: Ryelee Lebowitz & Alyssa Morgan Ende - The Inside Network
The property at 1355 Marseille Drive was listed at $4.5 million and remarkably sold at the same price within just 20 days of being under contract, as noted by the brokers involved in the transaction.
On the Map
$4,500,000
$1,375/SF
Single Family
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Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $4.5M for 3,271 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93