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.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93