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Menachem Kranz Acquires Condo In Bay Harbor Islands For $6.5M

Property Image
SOLD
$6,500,000

Florida

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Sold 05/04/2022
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Property Image
SOLD

Menachem Kranz Acquires Condo In Bay Harbor Islands For $6.5M

9110 West Bay Harbor Drive, Bay Harbor Islands, Florida 33154, United States

See Similar Deals
Sold 05/04/2022
the dealplayerscompscontact
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Summary

FLORIDA
Transaction Type:Sale

The condo located at 9110 West Bay Harbor Drive in Bay Harbor Islands has been sold for $6,500,000. The property consists of 10 units, with a price per unit of $650,000. Menachem Kranz of Stratify Investment Partners served as the buyer in this transaction. The sale took place on May 4, 2022, with Menachem Kranz representing the buyer.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $6,500,000
  • Units: 10
  • Price Per Unit: $650,000

MidFirst Bank provided the lending for this sale. The buyer, Menachem Kranz, was represented by Stratify Investment Partners. The property is located in the desirable neighborhood of Bay Harbor Islands.

Players

MK
Menachem Kranz
2 deals$12.5M volume
BUYER
MidFirst Bank
MidFirst Bank
LENDER

Details

SOLD
IMAGE: Menachem Kranz DATE: 05/04/2022 ADDRESS: 9110 West Bay Harbor Drive MARKET: Bay Harbor Islands ASSET TYPE: Condo BUYER: Menachem Kranz - Stratify Investment Partners LENDER: MidFirst Bank SALE PRICE: $6,500,000 UNITS: 10 ~ PPU: $650,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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