Dumitru Albu Acquires Multifamily Property In Sunny Isles Beach For $1.475M
221 186th Street
$1,475,000
$819/SF
Building Size
1,800 SF
Asset Type
MultiFamily
Closing
Oct 12, 2023
AI
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
Sunny Isles 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
10.75%
Cash-on-Cash
-3.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93