Shraga Lerner Acquires Multifamily Asset At 750 84th Street Miami Beach For $2.15M
SOLD
$2,150,000
Florida
See Similar DealsMultiFamily11,300 SF
Sold 11/01/2024
SOLD
Shraga Lerner Acquires Multifamily Asset At 750 84th Street Miami Beach For $2.15M
750 84 St
See Similar DealsMultiFamily11,300 SF
Sold 11/01/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$190
Total Square Footage:11,300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16
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