Yonason Greenwald Acquires Miami Beach Multifamily For $3.4M
SOLD
$3,440,000
+ 1
Florida
See Similar DealsMultiFamily8,900 SF
Sold 05/02/2022
SOLD
Yonason Greenwald Acquires Miami Beach Multifamily For $3.4M
315 West 28th Street, Miami Beach, Florida 33140, United States
See Similar DealsMultiFamily8,900 SF
Sold 05/02/2022
+ 1
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$386
Total Square Footage:8,900 SF
Transaction Type:Sale
A multifamily property located at 315 W 28th Street in Miami Beach has recently been sold in a closed transaction. The property consists of 16 units and spans 8,900 square feet. The sale price for this multifamily asset was $3,440,000, resulting in a per unit price of $215,000. The price per square foot was calculated to be $387.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,440,000
- Units: 16
- Price Per Unit: $215,000
- Square Footage: 8,900
- Price Per Square Foot: $387
The buyer in this transaction was Yonason Greenwald, while the seller was Chaime Cahane. The deal was facilitated by brokers Adam Duncan, Joseph Thomas, and Alec Demetriou from Marcus & Millichap. Each of these brokers represented their respective parties in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$183,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,221.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,307.36
Annual Debt Service$195,688.26
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