Updated Dec 18, 2023
Marilina Apfelbaum & Samuel Heskiel Acquire Multifamily Property In Miami Beach For $6.4M
409 N Hibiscus Dr, Miami Beach, FL, USA
$6,400,000
$1,060/SF
Building Size
6,037 SF
Asset Type
MultiFamily
Closing
Jun 9, 2020
About this deal
AI
An multifamily property located at 409 N Hibiscus Dr in Miami Beach has been sold for $6,400,000. The property consists of 9 units, with a price per unit of $711,111.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,400,000
- Address: 409 N Hibiscus Dr
- Market: Miami Beach
The sale was facilitated by brokers Marilina Apfelbaum from the MarilinaMiami agency and Samuel Heskiel from the Sammyblueyes agency.
The multifamily sale at 409 N Hibiscus Dr, Miami Beach, FL, USA in Miami Beach, Florida sold for $6.4M in 2020. Reported inventory is 6,037 square feet across 9 units, or about 1.1K per square foot. Samuel Heskiel, Marilina Apfelbaum, Beachfront Realty appear on the sale alongside Beachfront Realty. This page is the Miami Beach, Florida file for the 409 N Hibiscus Dr, Miami Beach, FL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach multifamily set by closing date to see what else sold near 409 N Hibiscus Dr, Miami Beach, FL, USA around 2020. Published consideration for 409 N Hibiscus Dr, Miami Beach, FL, USA is $6.4M, dated 2020. Cite this Marilina Apfelbaum & Samuel Heskiel Acquire Multifamily Property In Miami Beach For $6.4M sale when underwriting similar multifamily product around Miami Beach, Florida.
Players
Miami 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93