Perla Lluy Acquires Multifamily Property On 81st St In Miami Beach For $2.9M
SOLD
Florida
See Similar DealsMultiFamily3,818 SF
Sold 08/03/2022
SOLD
Perla Lluy Acquires Multifamily Property On 81st St In Miami Beach For $2.9M
430 81st Street, Miami Beach, Florida 33141, United States
See Similar DealsMultiFamily3,818 SF
Sold 08/03/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$759
Total Square Footage:3,818 SF
Transaction Type:Sale
The multifamily property located at 430 81st St in Miami Beach, FL has been sold in a recent transaction. The property spans 3,818 square feet and was sold for a price of $2,900,000, resulting in a price per square foot of $759.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Address: 430 81st St, Miami Beach, FL
- Market: Miami Beach, FL
- Buyer: Perla Lluy
- Seller: Matis Cohen
- Square footage: 3,818
- Price per square foot: $759
Perla Lluy was the buyer in this transaction, while Matis Cohen acted as the seller of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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