Updated Sep 9, 2024
Amir Alian Acquires Miami Beach Multifamily For $840,000 From Seller Olu Obasanjo
701 82nd Street, Miami Beach, FL 33141
$840,000
$225/SF
Building Size
3,725 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
AI
A multifamily property located at 701 82nd Street in Miami Beach has been sold for a total price of $840,000. The property consists of 4 units, with each unit being sold at an average price of $210,000. The total area of the property is 3,725 square feet, resulting in a price per square foot of $226.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $840,000
- Units: 4
- Price per Unit: $210,000
- Total Square Footage: 3,725
- Price per Square Foot: $226
The buyer of the property is Amir Alian, while the seller is Olu Obasanjo. The seller was represented by Leor Fidler from Silmar Real Estate Advisors.
On the Map
$840,000
$225/SF
MultiFamily
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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
18.88%
Cash-on-Cash
-5.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93