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Yonason Greenwald Acquires Miami Beach Multifamily For $5.85M

Property Image
SOLD
$5,850,000
Adam Duncan
Joseph Thomas
+ 1

Florida

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MultiFamily12,100 SF
Sold 05/02/2022
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Property Image
SOLD

Yonason Greenwald Acquires Miami Beach Multifamily For $5.85M

7715 Harding Avenue, Miami Beach, Florida 33141, United States

See Similar Deals
MultiFamily12,100 SF
Sold 05/02/2022
Adam Duncan
Joseph Thomas
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$483
Total Square Footage:12,100 SF
Transaction Type:Sale

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

Adam Duncan
26 deals$170.8M volume
BROKER

Joseph Thomas
Marcus & Millichap
53 deals$372.9M volume
BROKER

Alec Demetriou
Marcus & Millichap
27 deals$219.6M volume
BROKER

Details

SOLD
IMAGE: Alec Demetriou, Joseph Thomas & Adam Duncan DATE: 05/02/2022 ADDRESS: 7715 & 7724 Harding Avenue MARKET: Miami Beach ASSET TYPE: Multifamily BUYER: Yonason Greenwald SELLER: Yuda Gariplerden BROKERS: Adam Duncan (@DuncDoggz), Joseph Thomas (@ThomasDuncanTeam) & Alec Demetriou (@AlecDemetriou19) - Marcus & Millichap SALE PRICE: $5,850,000 UNITS: 26 ~ PPU: $225,000 SF: 12,100 ~ PPSF: $483

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

$312,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,783.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,731.98
Annual Debt Service$332,783.81