Ighal Eliav Acquires Mixed-Use Property In Surfside For $10.2M
SOLD
$10,225,000
Florida
See Similar DealsMixed-use15,205 SF
Sold 11/29/2023
SOLD
Ighal Eliav Acquires Mixed-Use Property In Surfside For $10.2M
9491 Harding Avenue
See Similar DealsMixed-use15,205 SF
Sold 11/29/2023
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$672
Total Square Footage:15,205 SF
Transaction Type:Sale
An mixed-use property located at 9491 Harding Avenue in Surfside has been sold for $10,225,000. The property spans across 15,205 square feet, resulting in a price per square foot of $672.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,225,000
- Square Footage: 15,205
- Price per Square Foot: $672
- Address: 9491 Harding Avenue, Surfside
The seller of the property was Danny Lavy, while the buyer, represented by Ighal Eliav from Atlas Realty & Investments, acquired the asset. Aaron Labovitz and Brandon Lumish from ABL Real Estate Partners served as the seller's representatives in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$545,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,327.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,471.72
Annual Debt Service$581,660.60
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