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10084 West Bay Harbor Drive

Dina Trust Acquires Multifamily Property In Bay Harbor Islands For $6.5M
SOLDMultiFamily

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

Daniela Levtov

Smart Luxe Realty

Broker

$56.1M

vol

10 deals

Broker

Shaul Dina

Buyer

$11.7M

vol

2 deals

Buyer

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