Hagit Ami Acquires Multifamily Property In Miami Beach For $1.6M
SOLD
$1,600,000
Florida
See Similar DealsMultiFamily2,750 SF
Sold 06/17/2022
SOLD
Hagit Ami Acquires Multifamily Property In Miami Beach For $1.6M
759 Meridian Avenue, Miami Beach, Florida 33139, United States
See Similar DealsMultiFamily2,750 SF
Sold 06/17/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$581
Total Square Footage:2,750 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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