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1017 Jefferson LLC Acquires Miami Beach Multifamily From Michael Streicker Of Sentinel Real Estate For $4M
SOLD
$4,000,000
Florida
See Similar DealsMultiFamily13,765 SF
Sold 12/09/2025
SOLD
1017 Jefferson LLC Acquires Miami Beach Multifamily From Michael Streicker Of Sentinel Real Estate For $4M
1017 Jefferson Avenue
See Similar DealsMultiFamily13,765 SF
Sold 12/09/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$290
Total Square Footage:13,765 SF
Transaction Type:Sale
The property asset involved in this transaction is a MultiFamily unit located at 1017 Jefferson Avenue, Miami Beach. It sold for $4 million, translating to approximately $291 per square foot.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4 million
- Address: 1017 Jefferson Avenue
- Market: Miami Beach
- Buyer: 1017 Jefferson LLC
- Seller: Michael Streicker - Sentinel Real Estate
Key individuals involved in the transaction include the buyer, 1017 Jefferson LLC, and the seller, Michael Streicker, representing Sentinel Real Estate in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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