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785 81st Street, Miami Beac...

Mor Sharabani Acquires Multifamily In Miami Beach For $920K
SOLDMultiFamily

Mor Sharabani Acquires Multifamily In Miami Beach For $920K

785 81st Street, Miami Beach, FL 33141

$920,000

$162/SF

Building Size

5,650 SF

Asset Type

MultiFamily

Closing

Nov 2, 2021

AI

A multifamily property located at 785 81st Street in Miami Beach has been sold for a price of $920,000. The transaction took place on 11/02/2021. The property consists of 5 units, resulting in a price per unit of $184,000. This sale was facilitated by Leor Fidler, a broker specializing in off-market transactions in the Miami Beach market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $920,000
  • Address: 785 81st Street, Miami Beach
  • Market: Miami Beach
  • Units: 5
  • Price per Unit: $184,000
  • Date: 11/02/2021

Mor Sharabani, the buyer of the property, is known for being intensely active in the Miami Beach area. He is constantly looking for multifamily deals, with his main focus being value-add real estate. Additionally, he also welcomes ground-up developments. If you want to reach out to Mor Sharabani, you can contact him at [email protected] or (516) 280-0534.

Leor Fidler, the broker who represented the buyer in this transaction, specializes in facilitating off-market transactions in the Miami Beach market. He is constantly seeking opportunities to connect buyers and sellers. You can reach out to Leor Fidler for any real estate needs in the Miami Beach area.

Players

Leor Fidler

Silmar Realty

Broker

$9M

vol

9 deals

Broker

Mor Sharabani

Buyer

$2.3M

vol

2 deals

Buyer

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

17.24%

Cash-on-Cash

-4.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93