Shraga Lerner Acquires Multifamily Asset At 750 84th Street Miami Beach For $2.15M
750 84 St
$2,150,000
$190/SF
Building Size
11,300 SF
Asset Type
MultiFamily
Closing
Nov 1, 2024
AI
The property involved in this transaction is a multifamily asset located at 750 84th Street, Miami Beach. The sale price for the property was $2,150,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Buyer: Shraga Lerner
- Seller: Rosa Benedetti
- Broker: Ryelee Lebowitz - The Inside Network
Ryelee Lebowitz represented her New York developer client in the successful sale, negotiating a reduction of nearly $500,000 from the original purchase price. This transaction marks her eighth successful sale in the Biscayne Beach neighborhood.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93