Greenstone Companies Acquires Multifamily Property In North Beach, Miami Beach For $41M
SOLD
$41,000,000
Florida
See Similar DealsMultiFamily138,904 SF
Sold 08/31/2021
SOLD
Greenstone Companies Acquires Multifamily Property In North Beach, Miami Beach For $41M
700 78th Street, North Beach, Miami Beach, FL, USA
See Similar DealsMultiFamily138,904 SF
Sold 08/31/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$295
Total Square Footage:138,904 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 700 & 715 78th street; 7745, 7750, 7770-7772 & 7790 Tatum Waterway in the North Beach area of Miami Beach. The sale took place on August 31, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $41,000,000
- Square Footage: 138,904
- Price Per Square Foot: $295
- Number of Units: 186
Greenstone Companies, led by Yoni Greenwald, acquired the property from Ytech, represented by Yamal Yidios. The sale was facilitated by brokers Calum Weaver and Perry Synanidis from Cushman & Wakefield.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,186,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$145,664.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$194,360.92
Annual Debt Service$2,332,331.01
Is there something missing? Send suggestions