Updated Dec 4, 2024
Albert Ayoub Acquires Multifamily Property In Miami Beach For $7,000,200
6905 Rue Vendome
$7,000,200
$200/SF
Building Size
35,000 SF
Asset Type
MultiFamily
Closing
Mar 6, 2024
About this deal
AI
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.
On the Map
$7,000,200
$200/SF
MultiFamily
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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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93