facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

1971 Bay Dr, Miami Beach, F...

Erwin Sredni & Janatan Sredni Acquire Multifamily Property In Miami Beach For $6.8M
SOLDMultiFamily

Erwin Sredni & Janatan Sredni Acquire Multifamily Property In Miami Beach For $6.8M

1971 Bay Dr, Miami Beach, Florida 33141, United States

$6,800,000

$738/SF

Building Size

9,205 SF

Asset Type

MultiFamily

Closing

Jan 13, 2022

AI

The multifamily property located at 1971 Bay Dr in Miami Beach, FL was sold on January 14, 2022, in a closed transaction for $6,800,000. The property spans a total area of 9,205 square feet, resulting in a price per square foot of $738.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,800,000
  • Square Footage: 9,205
  • Price per Square Foot: $738

Erwin Sredni and Janatan Sredni acted as the buyers in this transaction, while Yariv Bensira served as the seller.

Players

Erwin Sredni

Privee Capital

Broker

$14.4M

vol

2 deals

Broker

Erwin Sredni

Buyer

$14.4M

vol

2 deals

Buyer

Yariv Bensira

Seller

$31.2M

vol

5 deals

Seller

Miami Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93