Updated Sep 11, 2025
Rubin Margules & Adam Margules Acquire Multifamily Property In Miami Beach For $2.9M
1995 Bay Road, Miami Beach, Florida 33139, United States
$2,914,000
$319/SF
Building Size
9,112 SF
Asset Type
MultiFamily
Closing
Feb 6, 2022
About this deal
AI
Located at 1995 Bay Dr in Miami Beach, FL, this multifamily property was recently sold in a closed transaction. The property spans a total of 9,112 square feet, with a price per square foot of $320. The sale took place on February 7, 2022, with Rubin Margules & Adam Margules purchasing the property from Aaron Kurlansky for a total price of $2,914,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,914,000
- Square Footage: 9,112
- Price Per Square Foot: $320
- Buyer: Rubin Margules & Adam Margules
- Seller: Aaron Kurlansky
- Transaction Date: February 7, 2022
- Address: 1995 Bay Dr, Miami Beach, FL
Rubin Margules & Adam Margules acted as the buyers in this transaction, while Aaron Kurlansky was the seller. The sale represents a successful deal in the Miami Beach market, reflecting the value and potential of the multifamily asset.
Players
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
5.44%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93