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Josh Stein And Michael Stein Sell Normandy Isles Multifamily For $6.8M With Max Loria & Sam Schwartz Of DWNTWN Realty Advisors

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SOLD
$6,800,000

Florida

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MultiFamily15,832 SF
Sold 08/29/2022
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Property Image
SOLD

Josh Stein And Michael Stein Sell Normandy Isles Multifamily For $6.8M With Max Loria & Sam Schwartz Of DWNTWN Realty Advisors

2180 Bay Drive

See Similar Deals
MultiFamily15,832 SF
Sold 08/29/2022
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$429
Total Square Footage:15,832 SF
Transaction Type:Sale

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.

Players

Sam Schwartz
5 deals$23.2M volume(773) 750-3320
BROKER

Sam Schwartz
 STL Commercial
5 deals$23.2M volume(773) 750-3320
BROKER

Max Loria
 STL Commercial
26 deals$111.9M volume
BROKER

Michael Stein
Pensam Capital
5 deals$96.9M volume
SELLER

Michael Stein
5 deals$96.9M volume
SELLER

Details

SOLD
IMAGE: Josh Stein, Max Loria & Sam Schwartz DATE: 08/30/2022 ADDRESS: 2180 Bay Dr MARKET: Normandy Isles ASSET TYPE: Multifamily SELLER: Josh Stein (@Josh_Aaron5) & Michael Stein BROKERS: Max Loria (@Max_Loria) & Sam Schwartz (@SamSchwartz33) - DWNTWN Realty Advisors (@DWNTWNRealtyAdvisors) SALE PRICE: $6,800,000 UNITS: 18 ~ PPU: $377,778 SF: 15,832 ~ PPSF: $430

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
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