Baruk Benamran And Abraham Chetrit Acquire Multifamily Property On Lenox Ave, Miami Beach For $5.6M
609 Lenox Avenue, Miami Beach, Florida 33139, United States
$5,600,000
$1,317/SF
Building Size
4,250 SF
Asset Type
MultiFamily
Closing
Mar 31, 2022
AI
The multifamily property located at 609 Lenox Ave in Miami Beach, FL was recently sold in a closed transaction. The sale took place on April 1, 2022. The property spans a total of 4,250 square feet, with a price per square foot of $1,317, resulting in a total sale price of $5,600,000. The buyer of the property was Baruk Benamran & Abraham Chetrit, while Eduardo Hanono acted as the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,600,000
- Address: 609 Lenox Ave
- Market: Miami Beach, FL
- Buyer: Baruk Benamran & Abraham Chetrit
- Seller: Eduardo Hanono
- Square footage: 4,250 SF
- Price per Square Foot: $1,317
Baruk Benamran & Abraham Chetrit acted as the buyers in this transaction, while Eduardo Hanono served as the seller. They successfully completed the sale of the multifamily property located at 609 Lenox Ave in Miami Beach, FL. The transaction demonstrates the continued activity and interest in the Miami Beach real estate market, particularly within the multifamily sector.
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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93