Baruk Benamran Acquires 5& Family Property On Euclid Ave In Miami Beach For $3.1M
SOLD
Florida
See Similar DealsMultiFamily7,040 SF
Sold 10/24/2022
SOLD
Baruk Benamran Acquires 5& Family Property On Euclid Ave In Miami Beach For $3.1M
1414 Euclid Avenue, Miami Beach, Florida 33139, United States
See Similar DealsMultiFamily7,040 SF
Sold 10/24/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$440
Total Square Footage:7,040 SF
Transaction Type:Sale
The 5+ family property located at 1414 Euclid Ave in Miami Beach, FL was recently sold for a price of $3,100,000. The property spans across a total area of 7,040 square feet, resulting in a price per square foot of $440.
Summary of transaction details
- Property Type: 5+ Family
- Transaction Amount: $3,100,000
- Address: 1414 Euclid Ave, Miami Beach, FL
- Market: Miami Beach, FL
- Buyer: Baruk Benamran
- Seller: Marc Shulman
- Square Footage: 7,040
- Price per Square Foot: $440
Baruk Benamran acted as the buyer in this transaction, while Marc Shulman served as the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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