Jonathan Sredni Acquires Multifamily Property In Miami Beach For $6.8M

The multifamily property located at 1971-1985 Bay Drive in Miami Beach has been sold. The transaction took place on January 13, 2022. The property consists of 24 units and spans 16,365 square feet. The sale price for this property was $6,800,000, resulting in a price per unit of $283,333 and a price per square foot of $416.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,800,000
• Address: 1971-1985 Bay Drive
• Market: Miami Beach
• Units: 24
• Price per Unit: $283,333
• Square Footage: 16,365
• Price per Square Foot: $416

The buyer in this transaction was Jonathan Sredni, while the seller was Yariv Bensira. The deal was facilitated by brokers Joseph Thomas, Adam Duncan, Jonathan De La Rosa, Eduardo Toledo, and Alec Demetriou from Marcus & Millichap.