Hagit Ami Acquires Multifamily Property In Miami Beach For $1.6M
759 Meridian Avenue, Miami Beach, Florida 33139, United States
$1,600,000
$581/SF
Building Size
2,750 SF
Asset Type
MultiFamily
Closing
Jun 16, 2022
AI
A multifamily property located at 759 Meridian Ave in Miami Beach has been sold for a total of $1,600,000. The property consists of 5 units with a total square footage of 2,750. The price per unit amounts to $320,000, while the price per square foot is $582. The transaction was finalized on June 17, 2022, between the buyer, Hagit Ami, and the sellers, Thimothy Mckee and Amal El-Sheemy.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,600,000
- Units: 5
- Price Per Unit: $320,000
- Square Footage: 2,750
- Price Per Square Foot: $582
The Real Estate Lab Inc, represented by Yaacov Poston, Shlomo Poston, and Uri Redler, served as the brokerage firm facilitating the transaction. They played a crucial role in connecting the buyer and sellers, ensuring the successful completion of the deal.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93