Dumitru Albu Acquires Multifamily Property In Sunny Isles Beach For $1.475M
SOLD
$1,475,000
Florida
See Similar DealsMultiFamily1,800 SF
Sold 10/12/2023
SOLD
Dumitru Albu Acquires Multifamily Property In Sunny Isles Beach For $1.475M
221 186th Street
See Similar DealsMultiFamily1,800 SF
Sold 10/12/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$819
Total Square Footage:1,800 SF
Transaction Type:Sale
A multifamily property located at 221 186th Street in Sunny Isles Beach has been sold for $1,475,000. The property spans 1,800 square feet, resulting in a price per square foot of $819.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,475,000
- Address: 221 186th Street, Sunny Isles Beach
- Market: Sunny Isles Beach
The buyer in this transaction is Dumitru Albu, while the seller is Izhak Kashani. Representing the buyer is Roksana Lushnikov from Sunshine Luxury Realty, while the seller is represented by Harel Bitton from Cromwell & Forbes Inc.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$78,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,240.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,992.25
Annual Debt Service$83,907.03
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