Updated Oct 25, 2024
Josh Stein, Max Loria & Sam Schwartz Acquire MultiFamily In Miami Beach For $4M
315 W 28th St Miami Beach, FL 33140, USA
$4,000,000
$449/SF
Building Size
8,908 SF
Asset Type
MultiFamily
Closing
Jul 11, 2023
About this deal
AI
A multi-family property located at 315 W 28th St in Miami Beach has recently been sold. The property consists of 16 units with a total square footage of 8,908. The sale price for this transaction was $4,000,000, resulting in a price per unit of $250,000 and a price per square foot of $449.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $4,000,000
- Units: 16
- Price per Unit: $250,000
- Square Footage: 8,908
- Price per Square Foot: $449
The buyers of this property were Josh Stein, Max Loria, and Sam Schwartz. They acquired the property from the seller, Yonasan Greenwald. The transaction was completed on July 11, 2023.
Players
Miami 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93