Agustin Masri Acquires Multifamily In Miami Beach For $4.35M
7717 Byron Avenue & 7725 Byron Avenue
$4,350,000
$201/SF
Building Size
21,618 SF
Asset Type
MultiFamily
Closing
Mar 20, 2024
AI
The multifamily property located at 7717 & 7725 Byron Avenue in Miami Beach has been sold in a recent transaction. The asset consists of 20 units with a total square footage of 10,809. The sale price for this property was $4,350,000, equating to a price per unit of $217,500 and a price per square foot of $402.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Units: 20
- Price per Unit: $217,500
- Square Footage: 10,809
- Price per Square Foot: $402
- Address: 7717 & 7725 Byron Avenue
- Market: Miami Beach
The deal was facilitated by Marilina Apfelbaum and Samuel Heskiel of Beachfront Realty, representing the buyer and seller respectively. The seller, Arash Gohari, and Yosef Zavulunov of 27 Capital, had purchased the property 18 months earlier for $3.6 million.
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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93