Albert Ayoub Acquires Multifamily Property In Miami Beach For $7,000,200
SOLD
$7,000,200
Florida
See Similar DealsMultiFamily35,000 SF
Sold 03/06/2024
SOLD
Albert Ayoub Acquires Multifamily Property In Miami Beach For $7,000,200
6905 Rue Vendome
See Similar DealsMultiFamily35,000 SF
Sold 03/06/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$200
Total Square Footage:35,000 SF
Transaction Type:Sale
The multifamily property located at 6905 Rue Vendome in Miami Beach has been sold for $7,000,200. The property comprises 30 units with a price per unit of $233,340 and spans 35,000 square feet, resulting in a price per square foot of $200.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,000,200
- Buyer: Albert Ayoub
- Seller: Gaea Real Estate Corp
- Brokers: Juan Sotolongo & Jesse Spencer - Compass
- Units: 30
- Square Footage: 35,000
- Price per Unit: $233,340
- Price per Square Foot: $200
- Address: 6905 Rue Vendome
- Market: Miami Beach
Albert Ayoub purchased the multifamily property from Gaea Real Estate Corp, with the transaction facilitated by brokers Juan Sotolongo and Jesse Spencer from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,344.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,870.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,184.52
Annual Debt Service$398,214.23
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