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Zvi Yosifon & Tal Nemzer Acquire Miami Beach Multiamily For $2.85M

Property Image
SOLD
$2,850,000

Florida

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MultiFamily2,288 SF
Sold 05/11/2022
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Property Image
SOLD

Zvi Yosifon & Tal Nemzer Acquire Miami Beach Multiamily For $2.85M

1160 101st Street, Miami, Florida 33154, United States

See Similar Deals
MultiFamily2,288 SF
Sold 05/11/2022
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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.

Players

Tal Nemzer
2 deals$5.8M volume(216) 543-0116
BROKER


Tal Nemzer
2 deals$5.8M volume
BUYER

Details

SOLD
IMAGE: 05/11/2022 ADDRESS: 1160 101st St MARKET: Miami Beach, FL ASSET TYPE: Multiamily BUYER: Zvi Yosifon & Tal Nemzer SELLER: Ori Darmon PRICE: $2,850,000 SF: 2,288 ~ PPSF: $1,245.63

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Deal Type
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