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Riad Belarbi Acquires Multifamily Property In Miami Beach For $9.25M

Property Image
SOLD
$9,250,000
Shlomo Poston
Yaacov Poston
MS
+ 1

Florida

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MultiFamily45,513 SF
Sold 05/04/2020
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Property Image
SOLD

Riad Belarbi Acquires Multifamily Property In Miami Beach For $9.25M

2101 Normandy Dr, Miami Beach, FL 33141, USA

See Similar Deals
MultiFamily45,513 SF
Sold 05/04/2020
Shlomo Poston
Yaacov Poston
MS
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$203
Total Square Footage:45,513 SF
Transaction Type:Sale

An multifamily property located at 2101 Normandy Dr in Miami Beach has been sold. The transaction took place on 05/04/2020, with a sale price of $9,250,000. The property spans a total area of 45,513 square feet, resulting in a price per square foot of $203.24. It consists of 49 units, and the price per unit stands at $188,775.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,250,000
  • Address: 2101 Normandy Dr, Miami Beach
  • Market: Miami Beach
  • Square Footage: 45,513
  • Price per Square Foot: $203.24
  • Number of Units: 49
  • Price per Unit: $188,775

The buyer for this transaction was Riad Belarbi, while the seller was Marc Shulman. The deal was facilitated by the broker @DecoGroupCommercial.

Players

Yaacov Poston
The Real Estate Lab
Yaacov Poston
29 deals$62.1M volume
BROKER
Shlomo Poston
The Real Estate Lab
Shlomo Poston
26 deals$62.7M volume
BROKER
RB
Riad Belarbi
2 deals$16.8M volume
BUYER
MS
Icon Realty Capital
Marc Shulman
3 deals$16.9M volume
SELLER

Details

SOLD
IMAGE: Marilina Apfelbaum, Shlomo Poston, Samuel Heskiel, Yaacov Poston & Benjamin Mashaal DATE: 05/04/2020 ADDRESS: 2101 Normandy Dr MARKET: Miami Beach ASSET TYPE: Multifamily BUYER: Riad Belarbi SELLER: Marc Shulman BROKERS: @DecoGroupCommercial PRICE: $9,250,000 SF: 45,513 PPSF: $203.24 UNITS: 49 PPU: $188,775

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