Moshe Goldshtein Acquires Bay Harbor Islands Multifamily For $8.24M
1043 94th Street, Bay Harbor Islands, Florida 33154, United States
$8,240,000
$250/SF
Building Size
32,925 SF
Asset Type
MultiFamily
Closing
Jan 10, 2022
AI
A multifamily property located at 1029/1035/1043 94th Street in Bay Harbor Islands has been sold for a total price of $8,240,000. The transaction was sourced and closed off-market by Moshe Goldshtein of ONE Sotheby's International Realty. The property consists of 26 units with an average price per unit of $316,923. It spans a total area of 32,925 square feet, resulting in a price per square foot of $250.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,240,000
- Units: 26
- Price per Unit: $316,923
- Total Square Footage: 32,925
- Price per Square Foot: $250
Moshe Goldshtein of ONE Sotheby's International Realty was the broker involved in this off-market sale. He successfully sourced and closed the transaction, highlighting his expertise in off-market opportunities. For similar off-market opportunities, interested parties can contact Moshe Goldshtein.
Bay Harbor Islands MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93