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
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
4.04%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93