Yonason Greenwald Acquires Miami Beach Multifamily For $5.85M
7715 Harding Avenue, Miami Beach, Florida 33141, United States
$5,850,000
$483/SF
Building Size
12,100 SF
Asset Type
MultiFamily
Closing
May 1, 2022
AI
Two multifamily properties located at 7715 & 7724 Harding Avenue in Miami Beach have been sold for a total of $5,850,000. The deal was finalized on 05/02/2022. The buyer of the properties is Yonason Greenwald, while the seller is Yuda Gariplerden. The properties consist of a combined total of 26 units, with an average price per unit of $225,000. The total square footage of the properties is 12,100, with an average price per square foot of $483.
Summary of transation details
- Property Type: Multifamily
- Sale Price: $5,850,000
- Units: 26
- Price per Unit: $225,000
- Square Footage: 12,100
- Price per Square Foot: $483
- Date: 05/02/2022
- Market: Miami Beach
The deal was facilitated by the brokers Adam Duncan, Joseph Thomas, and Alec Demetriou from Marcus & Millichap. They represented the buyer and seller in the transaction, ensuring a smooth and successful deal for both parties involved.
Players
Miami Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93