Amr Alian Acquires Multifamily Property In Miami Beach For $870K
SOLD
$870,000
Florida
See Similar DealsMultiFamily4,081 SF
Sold 05/13/2022
SOLD
Amr Alian Acquires Multifamily Property In Miami Beach For $870K
145 South Shore Drive, Miami Beach, Florida 33141, United States
See Similar DealsMultiFamily4,081 SF
Sold 05/13/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$213
Total Square Footage:4,081 SF
Transaction Type:Sale
A multifamily property located at 145 S Shore Dr in Miami Beach has been sold for a total of $870,000. The property consists of 4 units with a price per unit of $217,500. The total square footage of the property is 4,081, resulting in a price per square foot of $213.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $870,000
- Buyer: Amr Alian
- Seller: Gervacio Gonzalez
- Broker: Leor Fidler - Silmar Realty
- Units: 4
- Price per Unit: $217,500
- Square Footage: 4,081
- Price per Square Foot: $213
The buyer of the property is Amr Alian, while the seller is Gervacio Gonzalez. The transaction was facilitated by Leor Fidler from Silmar Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$46,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,090.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,124.24
Annual Debt Service$49,490.93
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