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Baruk Benamran And Abraham Chetrit Acquire Multifamily Property On Lenox Ave, Miami Beach For $5.6M

Property Image
SOLD
$5,600,000

Florida

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MultiFamily4,250 SF
Sold 04/01/2022
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Property Image
SOLD

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

See Similar Deals
MultiFamily4,250 SF
Sold 04/01/2022
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$1,317
Total Square Footage:4,250 SF
Transaction Type:Sale

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

2 deals$8.7M volume
BUYER

BUYER

Details

SOLD
IMAGE: 04/01/2022 ADDRESS: 609 Lenox Ave MARKET: Miami Beach,FL ASSET TYPE: Multifamily BUYER: Baruk Benamran & Abraham Chetrit SELLER: Eduardo Hanono PRICE: $5,600,000 SF: 4,250 ~ PPSF: $1,317

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$298,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28