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

Property Image
SOLD
$6,000,000

Florida

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7,515 SF
Sold 09/09/2022
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Property Image
SOLD

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

8143 Harding Avenue

See Similar Deals
7,515 SF
Sold 09/09/2022
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Summary

FLORIDA
Price Per Square Foot:$798
Total Square Footage:7,515 SF
Transaction Type:Sale

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
28 deals$192.5M volume(786) 486-6655
BROKER

Irena Taneva
Sotheby's International Realty
2 deals$10.2M volume
BROKER

Details

SOLD
IMAGE: Irena Taneva & Manny Chamizo DATE: 09/09/2022 ADDRESS: 8143 Harding Ave MARKET: Miami Beach ASSET TYPE: Multifamily BUYER'S REP: Irena Taneva - ONE Sotheby's International Realty (@Onesir) SELLER'S REP: Manny Chamizo - ONE Sotheby's International Realty SALE PRICE: $6,000,000 UNITS: 6 ~ PPU: $1,000,000 SF: 7,515 ~ PPSF: $798

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73