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G Realty Group Acquires Multifamily Property In Bay Harbor Islands For $4.85M

Property Image
SOLD
$4,850,000

Florida

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MultiFamily8,424 SF
Sold 05/13/2022
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Property Image
SOLD

G Realty Group Acquires Multifamily Property In Bay Harbor Islands For $4.85M

10084 West Bay Harbor Drive, Bay Harbor Islands, Florida 33154, United States

See Similar Deals
MultiFamily8,424 SF
Sold 05/13/2022
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$575
Total Square Footage:8,424 SF
Transaction Type:Sale

The multifamily property located at 10084 W Bay Harbor Dr in Bay Harbor Islands has been sold in a closed transaction. The property features 12 units with a total square footage of 8,424. The asking price and sale price for the property were both $4,850,000, resulting in a price per unit of $404,167 and a price per square foot of $576.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,850,000
  • Units: 12
  • Square Footage: 8,424
  • Price per Unit: $404,167
  • Price per Square Foot: $576
  • Market: Bay Harbor Islands

Sarah Gozlan from G Realty Group represented the buyer in this transaction.

Players

Sarah Gozlan
Sarah Gozlan
12 deals$65.8M volume
BROKER

Details

SOLD
IMAGE: Sarah Gozlan DATE: 05/13/2022 ADDRESS: 10084 W Bay Harbor Dr MARKET: Bay Harbor Islands ASSET TYPE: Multifamily BUYER'S REP: Sarah Gozlan (@SarahGozlan) - G Realty Group (@GRealty_Group) ASKING PRICE: $4,850,000 SALE PRICE: $4,850,000 UNITS: 12 ~ PPU: $404,167 SF: 8,424 ~ PPSF: $576

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,231.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,991.47
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