Updated Dec 19, 2023
Yaakov Israel Elkarif Acquires Multifamily Property In Miami Beach For $4.85M
10084 West Bay Harbor Drive, Miami, Florida 33154, United States
$4,850,000
$575/SF
Building Size
8,424 SF
Asset Type
MultiFamily
Closing
May 15, 2022
About this deal
AI
An 8,424 square-foot multifamily property located at 10084 W Bay Harbor Dr in Miami Beach, FL has been sold for $4,850,000. The property was acquired by Yaakov Israel Elkarif from Firat Akcay.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,850,000
- Square Footage: 8,424
- Price per Square Foot: $575
- Buyer: Yaakov Israel Elkarif
- Seller: Firat Akcay
This transaction marks the successful sale of the property, with Yaakov Israel Elkarif acting as the buyer and Firat Akcay as the seller. The sale price for the property was $4,850,000, with a total area of 8,424 square feet. The price per square foot was $575.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93