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7311 Gary Ave

Alan Safdiah And Joe Gershon Acquire MultiFamily Asset In Miami Beach For $3.93M
SOLDMultiFamily

Alan Safdiah And Joe Gershon Acquire MultiFamily Asset In Miami Beach For $3.93M

7311 Gary Ave

$3,925,000

$254/SF

Building Size

15,430 SF

Asset Type

MultiFamily

Closing

Mar 9, 2024

AI

The property involved in this transaction is a MultiFamily asset located at 7311 Gary Ave, Miami Beach. It was sold for a total price of $3,925,000.00 and encompasses a total area of 15,430 square feet.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,925,000.00
  • Address: 7311 Gary Ave
  • Market: Miami Beach
  • Square Footage: 15,430.0
  • Buyer: Alan Safdiah and Joe Gershon
  • Broker Representatives: Eli Eskenazi - Miles Goldstein Real Estate, Alan Eskenazi - Miles Goldstein Real Estate

The deal featured two brokers, Eli Eskenazi and Alan Eskenazi, both representing the transaction under Miles Goldstein Real Estate. They facilitated the sale on behalf of the buyers, Alan Safdiah and Joe Gershon, in this real estate transaction.

Players

Alan Eskenazi

Miles Goldstein Real Estate

Broker

$246.8M

vol

39 deals

Broker

Alan Safdiah

Buyer
Buyer

Joe Gershon

Buyer
Buyer

Miami Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.04%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93