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

Property Image
SOLD
$1,150,000

Florida

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MultiFamily3,329 SF
Sold 08/19/2021
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Property Image
SOLD

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

See Similar Deals
MultiFamily3,329 SF
Sold 08/19/2021
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$345
Total Square Footage:3,329 SF
Transaction Type:Sale

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
29 deals$62.1M volume
BROKER

Shlomo Poston
The Real Estate Lab
26 deals$62.7M volume
BROKER

Amr Alian
7 deals$13.1M volume
BUYER

Details

SOLD
IMAGE: Yaacov Poston & Shlomo Poston DATE: 08/19/2021 ADDRESS: 830 W 40 St MARKET: Miami Beach ASSET TYPE: Multifamily BUYER: Amr Alian SELLER: Etienne Jacques BROKERS: Yaacov Poston (@YaacovPo) & Shlomo Poston (@Zalman_sp) - The Real Estate Lab (@Trel.Miami) - Beachfront Realty SALE PRICE: $1,150,000 UNITS: 4 ~ PPU: $287,500 SF: 3,329 ~ PPSF: $345

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04