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830 West 40th Street, Miami...

Amr Alian Acquires Miami Beach Multifamily For $1.15M With Yaacov Poston & Shlomo Poston - The Real Estate Lab
SOLDMultiFamily

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

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.

Players

Yaacov Poston

The Real Estate Lab

Broker

$62.1M

vol

29 deals

Broker
Amr Alian

Amr Alian

Miami Vice Properties

Buyer

$13.1M

vol

7 deals

Buyer

Miami Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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