Updated Dec 21, 2023
David Kattan Acquires Multifamily Property In Miami Beach For $2.05M
2825 Sheridan Avenue, Miami Beach, Florida 33140, United States
$2,050,000
$346/SF
Building Size
5,918 SF
Asset Type
MultiFamily
Closing
Jun 6, 2022
About this deal
AI
The multifamily property located at 2825 Sheridan Ave in Miami Beach, FL has been sold. The property spans 5,918 square feet and was sold for a price of $2,050,000, resulting in a price per square foot of $346.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Square Footage: 5,918
- Price per Square Foot: $346
- Address: 2825 Sheridan Ave, Miami Beach, FL
David Kattan has purchased the property from Benjamin Amsallem. The transaction represents a significant investment in the Miami Beach market.
Players
Miami Beach MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93