The Real Estate Lab Facilitates $5.2M Off-Market Multifamily Sale In Miami Beach
SOLD
$5,200,000
Florida
See Similar DealsMultiFamily7,456 SF
Sold 04/25/2022
SOLD
The Real Estate Lab Facilitates $5.2M Off-Market Multifamily Sale In Miami Beach
830 9th Street, Miami Beach, Florida 33139, United States
See Similar DealsMultiFamily7,456 SF
Sold 04/25/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$697
Total Square Footage:7,456 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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