Dina Trust Acquires Multifamily Property In Bay Harbor Islands For $6.5M
10084 West Bay Harbor Drive
$6,500,000
$577/SF
Building Size
11,250 SF
Asset Type
MultiFamily
Closing
Oct 5, 2023
AI
The multifamily property located at 10084 West Bay Harbor Drive in Bay Harbor Islands has been sold. The transaction took place on 10/05/2023. The property consists of 12 units with a total area of 11,250 square feet. The sale price for this transaction was $6,500,000, resulting in a price per unit of $541,667 and a price per square foot of $578.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Units: 12
- Price per Unit: $541,667
- Square Footage: 11,250
- Price per Square Foot: $578
The buyer for this transaction was Dina Trust, represented by Dina Shaul. Bsd Pro Design, owned by Yaakov Elkarif, acted as the seller. Smart Luxe Realty, represented by Daniela Levtov, served as the buyer's representative in this deal.
Players
Bay Harbor Islands 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93