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7271 Gary Avenue, Miami Bea...

Cyril Matz Acquires Multifamily Property In Miami Beach For $2.3M
SOLDMultiFamily

Cyril Matz Acquires Multifamily Property In Miami Beach For $2.3M

7271 Gary Avenue, Miami Beach, Florida 33141, United States

$2,268,000

$194/SF

Building Size

11,693 SF

Asset Type

MultiFamily

Closing

May 17, 2022

AI

The multifamily property located at 7271 Gary Ave in Miami Beach has been sold. The transaction took place on May 18, 2022, and the sale was facilitated by Cyril Matz, who acted as both the buyer and the buyer's representative, and Gregorio Kusnir, who acted as the seller.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $2,268,000
  • Number of Units: 14
  • Price per Unit: $162,000
  • Square Footage: 13,560
  • Price per Square Foot: $167
  • Market: Miami Beach

Cyril Matz, the buyer in this transaction, acquired the multifamily property for a total of $2,268,000. The property consists of 14 units, with each unit having an average price of $162,000. The total square footage of the property is 13,560, resulting in a price per square foot of $167. This transaction took place in the Miami Beach market.

Players

Cyril Matz

Douglas Elliman

Broker

$240.9M

vol

19 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

6.99%

Cash-on-Cash

-2.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93