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7717 Byron Avenue

Agustin Masri Acquires Multifamily In Miami Beach For $4.35M
SOLDMultiFamily

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

Marilina Apfelbaum

Beachfront Realty

Broker

$226.6M

vol

19 deals

Broker

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