Updated Dec 21, 2023
Amr Alian Acquires Miami Beach Multifamily For $1.15M With Yaacov Poston & Shlomo Poston - The Real Estate Lab
830 West 40th Street, Miami Beach, FL, USA
$1,150,000
$345/SF
Building Size
3,329 SF
Asset Type
MultiFamily
Closing
Aug 19, 2021
About this deal
AI
The multifamily property located at 830 W 40 St in Miami Beach has been sold for $1,150,000. The transaction took place on 08/19/2021. The property consists of 4 units with a total square footage of 3,329. The price per unit was $287,500, and the price per square foot was $345. The seller, Etienne Jacques, sold the property to Amr Alian.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 830 W 40 St, Miami Beach
- Market: Miami Beach
- Units: 4
- Price per Unit: $287,500
- Square Footage: 3,329
- Price per Square Foot: $345
The sale of this multifamily property was facilitated by Yaacov Poston and Shlomo Poston from The Real Estate Lab at Beachfront Realty. They served as the brokers for both the buyer, Amr Alian, and the seller, Etienne Jacques. The involvement of these professionals helped ensure a successful transaction.
On the Map
$1,150,000
$345/SF
MultiFamily
View full map
Players
Miami Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Shlomo Poston to view all their deals.
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93