Updated Sep 9, 2024
Amr Alian Acquires Multifamily Property In Miami Beach For $870K
145 South Shore Drive, Miami Beach, Florida 33141, United States
$870,000
$213/SF
Building Size
4,081 SF
Asset Type
MultiFamily
Closing
May 12, 2022
About this deal
AI
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.
On the Map
$870,000
$213/SF
MultiFamily
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Players
Miami Beach 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
18.23%
Cash-on-Cash
-5.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93