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Agustin Masri Acquires Multifamily In Miami Beach For $4.35M

Property Image
SOLD
$4,350,000
Samuel Heskiel
Marilina Apfelbaum

Florida

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MultiFamily21,618 SF
Sold 03/20/2024
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Property Image
SOLD

Agustin Masri Acquires Multifamily In Miami Beach For $4.35M

7717 Byron Avenue & 7725 Byron Avenue

See Similar Deals
MultiFamily21,618 SF
Sold 03/20/2024
Samuel Heskiel
Marilina Apfelbaum
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$201
Total Square Footage:21,618 SF
Transaction Type:Sale

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

Marilina Apfelbaum
Beachfront Realty
Marilina Apfelbaum
19 deals$226.6M volume
BROKER
Samuel Heskiel
Beachfront Realty
Samuel Heskiel
31 deals$355.3M volume
BROKER

Details

SOLD
IMAGE: Samuel Heskiel, Yosef Zavulunov, Arash Gohari & Marilina Apfelbaum DATE: 03/20/2024 ADDRESS: 7717 & 7725 Byron Avenue MARKET: Miami Beach ASSET TYPE: Multifamily BUYER: Agustin Masri - Argentinian Group SELLER: Arash Gohari (@ArashGohari) & Yosef Zavulunov - 27 Capital (@27.Capital.RE) BROKERS: Marilina Apfelbaum (@MarilinaMiami) & Samuel Heskiel - Beachfront Realty (@BeachfrontRealty) SALE PRICE: $4,350,000 UNITS: 20 ~ PPU: $217.500 SF: 10,809 ~ PPSF: $402 NOTE FROM BROKERS: Seller bought the property 18 months ago for $3.6 millions.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$232,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63