Serge Vallet Acquires Miami Beach Multifamily For $1M From Seller Ricardo Naranjo
825 85th Street
$1,000,000
$213/SF
Building Size
4,686 SF
Asset Type
MultiFamily
Closing
Aug 3, 2022
AI
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.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93