Amir Alian Acquires Miami Beach Multifamily For $840,000 From Seller Olu Obasanjo
SOLD
$840,000
Florida
See Similar DealsMultiFamily3,725 SF
Sold 12/15/2021
SOLD
Amir Alian Acquires Miami Beach Multifamily For $840,000 From Seller Olu Obasanjo
701 82nd Street, Miami Beach, FL 33141
See Similar DealsMultiFamily3,725 SF
Sold 12/15/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$225
Total Square Footage:3,725 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$44,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,984.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,982.03
Annual Debt Service$47,784.34
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