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
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.
Players
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