Eric Amsallem & David Amsallem Purchase Miami Beach Multifamily For $6.1M
8101 Crespi Boulevard
$6,100,000
$232/SF
Building Size
26,266 SF
Asset Type
MultiFamily
Closing
May 2, 2024
AI
The multifamily property located at 8101 Crespi Boulevard in Miami Beach was recently sold for $6,100,000. The property consists of 24 units with a price per unit of $254,167. The total square footage of the property is 26,266, at a price per square foot of $232.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Address: 8101 Crespi Boulevard
- Market: Miami Beach
- Buyer: Eric Amsallem & David Amsallem
- Brokers: Jeremy Sebbagh & Samuel Heskiel - Beachfront Realty
Jeremy Sebbagh and Samuel Heskiel from Beachfront Realty represented the buyer, Eric Amsallem & David Amsallem, in this transaction. For more Off Market opportunities, please reach out to them at BFR Commercial.
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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93