Updated Sep 9, 2024
Josh Stein And Michael Stein Sell Normandy Isles Multifamily For $6.8M With Max Loria & Sam Schwartz Of DWNTWN Realty Advisors
2180 Bay Drive
$6,800,000
$429/SF
Building Size
15,832 SF
Asset Type
MultiFamily
Closing
Aug 29, 2022
About this deal
AI
Located at 2180 Bay Dr in Normandy Isles, this multifamily property was recently sold in a closed transaction. The property consists of 18 units with a total square footage of 15,832. The sale price for this transaction was recorded at $6,800,000, resulting in a price per unit of approximately $377,778 and a price per square foot of $430.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $6,800,000
- Units: 18
- Price per Unit: $377,778
- Square Footage: 15,832
- Price per Square Foot: $430
The sale of this property was facilitated by brokers Max Loria and Sam Schwartz from DWNTWN Realty Advisors. They represented the sellers, Josh Stein and Michael Stein, in this transaction.
On the Map
$6,800,000
$429/SF
MultiFamily
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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