Updated Dec 20, 2023
Eitan Gontovnik Acquires 14-Unit Multifamily Property In Miami Beach For $2.1M
2425 Flamingo Pl, Miami Beach, FL 33140, USA
$2,100,000
$30/SF
Building Size
69,330 SF
Asset Type
MultiFamily
Closing
May 3, 2020
About this deal
AI
The multifamily property located at 2425 Flamingo Pl in Miami Beach has been sold for a total price of $2,100,000. The property spans a total area of 6,933 square feet with a price per square foot of $302. The property consists of 14 units, with a price per unit of $150,000.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Square Footage: 6,933
- Price per Square Foot: $302
- Number of Units: 14
- Price per Unit: $150,000
The buyer of the property is Eitan Gontovnik, while the seller is Margaret F. McMullin.
Players
Miami Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93