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8143 Harding Avenue

ONE Sotheby's International Realty Represents Both Buyer And Seller In $6M Miami Beach Multifamily Sale
SOLD

ONE Sotheby's International Realty Represents Both Buyer And Seller In $6M Miami Beach Multifamily Sale

8143 Harding Avenue

$6,000,000

$798/SF

Building Size

7,515 SF

Asset Type

Closing

Sep 9, 2022

AI

The multifamily property located at 8143 Harding Ave in Miami Beach has been successfully sold for a transaction amount of $6,000,000. This asset encompasses a total of 7,515 square feet and contains 6 units, resulting in a price per unit of $1,000,000 and a price per square foot of $798.

Summary of transaction details:

The transaction was facilitated by two representatives from ONE Sotheby's International Realty: Irena Taneva representing the buyer and Manny Chamizo representing the seller, demonstrating a collaborative effort within the same agency to broker the deal.

Players

Manny Chamizo III

Sotheby's International Realty

Broker

$199.1M

vol

30 deals

Broker

Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93