Haim Yehezkel Acquires Multifamily Asset In Miami Beach For $3.48M
6901 Indian Creek Drive, Miami Beach, Florida 33141, United States
$3,480,000
$321/SF
Building Size
10,832 SF
Asset Type
MultiFamily
Closing
May 1, 2022
AI
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.
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
4.56%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93