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.
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