Updated Dec 19, 2023
Menachem Fellig Acquires Multifamily Property On Pine Tree Dr In Miami Beach For $2.8M
4340 Pine Tree Drive, Miami Beach, Florida 33140, United States
$2,800,000
$1,253/SF
Building Size
2,234 SF
Asset Type
MultiFamily
Closing
Oct 30, 2022
About this deal
AI
The multifamily property located at 4340 Pine Tree Dr in Miami Beach, FL has been sold. The transaction took place on October 31, 2022. The property spans a total area of 2,234 square feet. The sale price for this asset was $2,800,000, resulting in a price per square foot of $1,253.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,800,000
- Address: 4340 Pine Tree Dr, Miami Beach, FL
- Market: Miami Beach, FL
Menachem Fellig was the buyer in this transaction, while Jonathan E Friedberg acted as the seller.
Please note that no additional information is available regarding this sale.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93