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
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.
Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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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