Colliers Brokers $6M Multifamily Sale In Miami Beach
830 9th Street
$6,000,000
$410/SF
Building Size
14,634 SF
Asset Type
—
Closing
Aug 31, 2022
About this deal
AI
A multifamily property located at 830 9th St in Miami Beach has been sold for $6,000,000. The property consists of 24 units with an average price per unit of $250,000. It has a total square footage of 14,634, resulting in a price per square foot of $410.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Address: 830 9th St, Miami Beach
- Market: Miami Beach
- Seller: Pinky Schwartz
- Broker: Virgilio Fernandez - Colliers
Virgilio Fernandez from Colliers represented Pinky Schwartz in the sale of this property. For on and off market opportunities, potential buyers and sellers can reach out to Virgilio at (305) 613-4507.
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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