Updated Dec 4, 2024
Jardin 8036 Acquires Miami Beach Multifamily For $1.34M
8036 Harding Avenue
$1,340,000
$532/SF
Building Size
2,516 SF
Asset Type
MultiFamily
Closing
Oct 2, 2023
About this deal
AI
A multifamily property located at 8036 Harding Avenue in Miami Beach has been sold. The property consists of 4 units with a total square footage of 2,516. The asking price for the property was $1,450,000, but it was sold for $1,340,000, resulting in a price per unit (PPU) of $335,000 and a price per square foot (PPSF) of $533.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,340,000
- Units: 4
- Price Per Unit (PPU): $335,000
- Square Footage: 2,516
- Price Per Square Foot (PPSF): $533
The buyer of the property is Jardin 8036, represented by Natalia Bezamlano. The seller is Armando, and their representative in the deal is Gonzalo Alonso from Re/Max Consultants Realty I.
Players
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
11.84%
Cash-on-Cash
-3.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93