Miami Beach Community Kollel Acquires Multifamily Property In Miami Beach For $4.3M
1001 West 46th Street, Miami Beach, FL 33140, USA
$4,300,000
$334/SF
Building Size
12,864 SF
Asset Type
MultiFamily
Closing
Dec 13, 2021
AI
The multifamily property located at 1001 West 46th Street in Miami Beach has been sold for a total of $4,300,000. The property consists of 18 units, resulting in a price per unit of $238,888. The transaction took place on 12/13/2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Address: 1001 West 46th Street, Miami Beach
- Market: Miami Beach
The buyer of the property is Miami Beach Community Kollel, while the seller is the Befeler Group, represented by George Befeler and Mark Rosencwaig. The sale was facilitated by Deme Mekras of MSP Group.
Players
Miami Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93