Updated Dec 19, 2023
The Real Estate Lab Facilitates $5.2M Off-Market Multifamily Sale In Miami Beach
830 9th Street, Miami Beach, Florida 33139, United States
$5,200,000
$697/SF
Building Size
7,456 SF
Asset Type
MultiFamily
Closing
Apr 24, 2022
About this deal
AI
A multifamily property located at 830 9th St in Miami Beach has been sold for $5,200,000. The property consists of 24 units, with a price per unit of $216,666. The total square footage of the property is 14,634, with a price per square foot of $355.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,200,000
- Units: 24
- Price per Unit: $216,666
- Square Footage: 14,634
- Price per Square Foot: $355
- Address: 830 9th St, Miami Beach
The sale was facilitated by brokers Yaacov Poston and Shlomo Poston from The Real Estate Lab. They represented both the buyer and seller in this off-market transaction. For more off-market deals, please contact The Real Estate Lab at 305-904-4753.
On the Map
$5,200,000
$697/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93