Updated Dec 19, 2023
Armik Aslanian Sells South Beach Multifamily For $2.5M With Laura Jones - Marcus & Millichap
632 15th Street, Miami Beach, FL 33139
$2,500,000
$471/SF
Building Size
5,305 SF
Asset Type
MultiFamily
Closing
Sep 2, 2021
About this deal
AI
The multifamily property located at 632 15th Street in South Beach, Miami Beach has been sold. The transaction took place on September 2, 2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $2,500,000
- Address: 632 15th Street
- Market: South Beach, Miami Beach
The seller of the property was Armik Aslanian. The sale was facilitated by Laura Jones from Marcus & Millichap. The property was listed for an asking price of $2,450,000. It consists of 8 units, with a price per unit (PPU) of $312,500. The total area of the property is 5,305 square feet, with a price per square foot (PPSF) of $471.
If you have any questions or would like further information, you can contact Laura Jones, the associate at Marcus & Millichap Miami, at (305) 240-1744 or via email at [email protected].
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93