Zvi Yosifon & Tal Nemzer Acquire Miami Beach Multiamily For $2.85M
SOLD
$2,850,000
Florida
See Similar DealsMultiFamily2,288 SF
Sold 05/11/2022
SOLD
Zvi Yosifon & Tal Nemzer Acquire Miami Beach Multiamily For $2.85M
1160 101st Street, Miami, Florida 33154, United States
See Similar DealsMultiFamily2,288 SF
Sold 05/11/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$1,245
Total Square Footage:2,288 SF
Transaction Type:Sale
The transaction involved a multifamily asset located at 1160 101st St, Miami Beach, FL. The sale price was $2,850,000, and the property spans a total area of 2,288 square feet, equating to a price per square foot of $1,245.63.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,850,000
- Address: 1160 101st St
- Market: Miami Beach, FL
- Square Footage: 2,288
- Price Per Square Foot: $1,245.63
- Buyer: Zvi Yosifon & Tal Nemzer
- Seller: Ori Darmon
The transaction was conducted between the buyers, Zvi Yosifon and Tal Nemzer, and the seller, Ori Darmon, reflecting the change of ownership for the multifamily property in the Miami Beach market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45
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