Updated Jul 10, 2026
Lelia Mijan Mordoch Acquires Multi-Family Property From Erwin Sredni For $7.64M In Miami Beach
1971 Bay Drive
$7,640,000
$775/SF
Building Size
9,853 SF
Asset Type
MultiFamily
Closing
Jun 26, 2026
About this deal
AI
The multi-family property sold is located at 1971 Bay Drive in Miami Beach. The transaction was completed for a total of $7,640,000, with the property encompassing 9,853 square feet. The price per square foot for this asset was recorded at $775.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $7,640,000
- Square Footage: 9,853
- Price Per Square Foot: $775
- Buyer: Lelia Mijan Mordoch
- Seller: Erwin Sredni - Privee Capital
- Market: Miami Beach
Erwin Sredni represented Privee Capital in the sale of the property to Lelia Mijan Mordoch, facilitating this transaction in the Miami Beach market.
On the Map
$7,640,000
$775/SF
MultiFamily
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Miami 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
2.08%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93