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6834 Harding Avenue

David Shabtian Purchases Multifamily Asset From Thomas Lanigan For $6.4 Million In Miami Beach
SOLDMultiFamily

David Shabtian Purchases Multifamily Asset From Thomas Lanigan For $6.4 Million In Miami Beach

6834 Harding Avenue

$6,700,000

$310/SF

Building Size

21,566 SF

Asset Type

MultiFamily

Closing

Apr 9, 2025

AI

The property asset involved in this transaction is a multifamily asset located at 6834-6854 Harding Avenue in Miami Beach, featuring 32 units. The sale price of the asset was $6,400,000, with a price per unit of $200,000. The total square footage of the property is 21,566, resulting in a price per square foot of $297. Summary of transaction details: Property Type: Multifamily Transaction Amount: $6,400,000 Units: 32 Price Per Unit: $200,000 Square Footage: 21,566 Price Per Square Foot: $297 Buyer: David Shabtian Seller: Thomas Lanigan Brokers: Gabriel Pena, Connor Kerns & Austin Graham - Matthews Real Estate Investment Services The transaction was facilitated by three brokers, Gabriel Pena, Connor Kerns, and Austin Graham, all representing Matthews Real Estate Investment Services, showcasing their expertise in handling multifamily property transactions in the Miami Beach market.

Players

Connor Kerns

Matthews

Broker

$59.6M

vol

5 deals

Broker

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

2.37%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93