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
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.
Players
North Bay Village MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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