Diana Cabrera Acquires Multifamily Property In Miami Beach For $1.6M
SOLD
$1,600,000
Florida
See Similar DealsMultiFamily6,850 SF
Sold 08/26/2021
SOLD
Diana Cabrera Acquires Multifamily Property In Miami Beach For $1.6M
415 76th Street, Miami Beach, FL 33141, USA
See Similar DealsMultiFamily6,850 SF
Sold 08/26/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$233
Total Square Footage:6,850 SF
Transaction Type:Sale
The multifamily property located at 415 76th St in Miami Beach was sold on 08/26/2021. The property, with a total area of 6,850 square feet, was sold for a price of $1,600,000, resulting in a price per square foot of $234.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Date: 08/26/2021
- Address: 415 76th St, Miami Beach
- Market: Miami Beach
The buyer of the property was Diana Cabrera, while the seller was Francois Bare. The transaction was facilitated by Marilina Apfelbaum and Samuel Heskiel from Beachfront Realty Inc., who represented the buyer and seller, respectively.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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