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7905 Crespi Boulevard

Shraga Lerner Purchases Multifamily Property In Miami Beach For $3,000,000
SOLDMultiFamily

Shraga Lerner Purchases Multifamily Property In Miami Beach For $3,000,000

7905 Crespi Boulevard & 7885 Crespi Boulevard

$3,000,000

Building Size

Asset Type

MultiFamily

Closing

Jul 3, 2024

AI

The multifamily property located at 7905 Crespi Boulevard & 7885 Crespi Boulevard in Miami Beach has been sold for $3,000,000. The transaction involved Shraga Lerner as the buyer and Gustavo Chiarelli as the seller. The sale was facilitated by Ryelee Lebowitz from The Inside Network.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Address: 7905 Crespi Boulevard & 7885 Crespi Boulevard
  • Market: Miami Beach
  • Buyer: Shraga Lerner
  • Seller: Gustavo Chiarelli
  • Broker: Ryelee Lebowitz - The Inside Network

The deal's key individuals included Shraga Lerner as the buyer, Gustavo Chiarelli as the seller, and Ryelee Lebowitz as the broker representing the parties in the transaction.

Players

Ryelee Lebowitz

The Inside Netwok

Broker

$22.7M

vol

4 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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93