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
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.
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
18.88%
Cash-on-Cash
-5.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93