Kendall Stephens Yuliya Sidorevskaya Francisco Lozano Of Julie's Realty Sell Multifamily In Miami Beach For $3.5M
2150 Bay Drive
$3,500,000
$391/SF
Building Size
8,941 SF
Asset Type
MultiFamily
Closing
May 7, 2026
AI
The property asset involved in the transaction is a multifamily building located at 2150 Bay Drive in Miami Beach. The sale price was $3,500,000, comprising 12 units with a price per unit of $291,666. The total square footage of the property is 8,941, which translates to a price per square foot of $391.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Address: 2150 Bay Drive
- Market: Miami Beach
- Units: 12
- Price Per Unit: $291,666
- Square Footage: 8,941
- Price Per Square Foot: $391
- Seller's Representatives: Kendall Stephens, Yuliya "Julie" Sidorevskaya & Francisco Lozano - Julie's Realty
The deal was represented by Kendall Stephens, Yuliya "Julie" Sidorevskaya, and Francisco Lozano, who are affiliated with Julie's Realty. These individuals played a significant role in facilitating the transaction, ensuring all necessary processes were effectively managed during the sale.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93