Updated Oct 28, 2024
Amr Alian Acquires Multifamily Property In Mid Beach, Miami Beach For $1.55M
833 West 39th Street, Miami Beach, FL 33140
$1,555,000
$312/SF
Building Size
4,969 SF
Asset Type
MultiFamily
Closing
Nov 19, 2021
About this deal
AI
A multifamily property located at 833 W 39th Street in Mid Beach, Miami Beach has been sold for $1,555,000. The property consists of 6 units with a total square footage of 4,969. The price per unit was approximately $259,167, while the price per square foot was approximately $313.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,555,000
- Address: 833 W 39th Street, Mid Beach, Miami Beach
- Units: 6
- Price per Unit (PPU): $259,167
- Square Footage (SF): 4,969
- Price per Square Foot (PPSF): $313
The buyer of the property was Amr Alian, represented by Miami Vice Properties. The seller was David Leddik. The transaction was facilitated by broker Michael Maakar from InterConnect Realty LLC.
On the Map
$1,555,000
$312/SF
MultiFamily
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Miami Beach MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.20%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93