Zvi Yosifon & Tal Nemzer Acquire Miami Beach Multifamily For $2.9M
SOLD
$2,900,000
Florida
See Similar DealsMultiFamily4,640 SF
Sold 06/16/2022
SOLD
Zvi Yosifon & Tal Nemzer Acquire Miami Beach Multifamily For $2.9M
1125 97th Street, Miami, Florida 33154, United States
See Similar DealsMultiFamily4,640 SF
Sold 06/16/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$625
Total Square Footage:4,640 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 1125 97th St, Miami Beach, FL. The transaction was finalized for a price of $2,900,000, with the property encompassing a total square footage of 4,640. The price per square foot amounts to $625.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Address: 1125 97th St
- Market: Miami Beach, FL
- Square Footage: 4,640
- Price per Square Foot: $625
- Buyer: Zvi Yosifon & Tal Nemzer
- Seller: Ori Darmon
The transaction involved buyers Zvi Yosifon and Tal Nemzer purchasing the property from seller Ori Darmon. No further details regarding the representatives for either the buyers or seller have been provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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