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1525 Euclid Avenue, Miami B...

Harold Klein Acquires Multifamily Property On Euclid Ave In Miami Beach For $4.65M
SOLDMultiFamily

Harold Klein Acquires Multifamily Property On Euclid Ave In Miami Beach For $4.65M

1525 Euclid Avenue, Miami Beach, Florida 33139, United States

$4,650,000

$457/SF

Building Size

10,160 SF

Asset Type

MultiFamily

Closing

Jun 14, 2022

AI

The property asset involved in this transaction is a multifamily unit located at 1525 Euclid Ave, within the Miami Beach, FL market. The selling price of the asset was $4,650,000, encompassing a total square footage of 10,160. The price per square foot amounts to $457.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,650,000
  • Address: 1525 Euclid Ave
  • Market: Miami Beach, FL
  • Square Footage: 10,160
  • Price per Square Foot: $457
  • Buyer: Harold Klein
  • Broker: Valerio Spinaci

The key individuals involved in this transaction include Harold Klein, who acted as the buyer, and Valerio Spinaci, who served as the broker representing the deal. This transaction was finalized on June 15, 2022.

Players

Valerio Spinaci

Broker

$115.8M

vol

4 deals

Broker

Harold Klein

Buyer

$5.9M

vol

2 deals

Buyer

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

3.41%

Cash-on-Cash

-0.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93