Zvi Yosifon & Tal Nemzer Acquire Miami Beach Multiamily For $2.85M
1160 101st Street, Miami, Florida 33154, United States
$2,850,000
$1,245/SF
Building Size
2,288 SF
Asset Type
MultiFamily
Closing
May 10, 2022
AI
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
Bay Harbor Islands MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93