Haim Yehezkel Acquires Multifamily Asset In Miami Beach For $3.48M
SOLD
$3,480,000
Florida
See Similar DealsMultiFamily10,832 SF
Sold 05/02/2022
SOLD
Haim Yehezkel Acquires Multifamily Asset In Miami Beach For $3.48M
6901 Indian Creek Drive, Miami Beach, Florida 33141, United States
See Similar DealsMultiFamily10,832 SF
Sold 05/02/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$321
Total Square Footage:10,832 SF
Transaction Type:Sale
A multi-family property located at 6901 Indian Creek Dr in Miami Beach has been sold for a total price of $3,480,000. The property consists of 16 units and spans an area of 10,832 square feet. Each unit has an average price per unit of $217,500, with a price per square foot of $321. The sale was facilitated by Jacob Serure from SRE Commercial Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,480,000
- Address: 6901 Indian Creek Dr, Miami Beach
- Market: Miami Beach
Jacob Serure, the founder of SRE Commercial Group, successfully represented the buyer and seller in this transaction. The property is in an excellent location in North Beach, just a few blocks away from the Miami Beach coastline. Haim Yehezkel purchased the property from Julio Hernandez, with the assistance of Jacob Serure, who has been brokering multi-family deals for over 20 years. SRE Commercial Group is also offering opportunities for agents interested in brokeraging commercial real estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$185,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,363.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,496.98
Annual Debt Service$197,963.70
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