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701 82nd Street, Miami Beac...

Amir Alian Acquires Miami Beach Multifamily For $840,000 From Seller Olu Obasanjo
SOLDMultiFamily

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

Leor Fidler

Silmar Realty

Broker

$9M

vol

9 deals

Broker

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