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:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Address: 8143 Harding Ave
- Market: Miami Beach
- Units: 6
- Square Footage: 7,515
- Price per Unit: $1,000,000
- Price per Square Foot: $798
- Buyer's Representative: Irena Taneva - ONE Sotheby's International Realty
- Seller's Representative: Manny Chamizo - ONE Sotheby's International Realty
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
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