Updated Feb 25, 2025
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
About this deal
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.
On the Map
$2,268,000
$194/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
6.99%
Cash-on-Cash
-2.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93