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

Property Image
SOLD
$2,268,000

Florida

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MultiFamily11,693 SF
Sold 05/18/2022
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily11,693 SF
Sold 05/18/2022
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$194
Total Square Footage:11,693 SF
Transaction Type:Sale

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
Cyril Matz
19 deals$240.9M volume(305) 926-2600
BROKER

Details

SOLD
IMAGE: Cyril Matz DATE: 05/18/2022 ADDRESS: 7271 Gary Ave MARKET: Miami Beach ASSET TYPE: Multifamily BUYER: Cyril Matz (@CyrilMatz) SELLER: Gregorio Kusnir SALE PRICE: $2,268,000 UNITS: 14 ~ PPU: $162,000 SF: 13,560 ~ PPSF: $167

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$120,960.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,057.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,751.48
Annual Debt Service$129,017.72