Serge Vallet Acquires Miami Beach Multifamily For $1M From Seller Ricardo Naranjo
SOLD
$1,000,000
Florida
See Similar DealsMultiFamily4,686 SF
Sold 08/03/2022
SOLD
Serge Vallet Acquires Miami Beach Multifamily For $1M From Seller Ricardo Naranjo
825 85th Street
See Similar DealsMultiFamily4,686 SF
Sold 08/03/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$213
Total Square Footage:4,686 SF
Transaction Type:Sale
A multifamily property located at 825 85th St in Miami Beach has been sold in a recent transaction. The property consists of 4 units with a total square footage of 4,686. The sale price for this transaction was $1,000,000, resulting in a per unit price of $250,000. The price per square foot for this property was $213.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 4
- Price per Unit: $250,000
- Square Footage: 4,686
- Price per Square Foot: $213
The buyer for this transaction was Serge Vallet, while the seller was Ricardo Naranjo. The deal was facilitated by Leor Fidler from Silmar Realty. Leor Fidler acted as the broker in this transaction, representing either the buyer or the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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