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10084 West Bay Harbor Drive...

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

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

$4,850,000

$575/SF

Building Size

8,424 SF

Asset Type

MultiFamily

Closing

May 12, 2022

AI

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

Broker

$65.8M

vol

12 deals

Broker

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

3.27%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93