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833 West 39th Street, Miami...

Amr Alian Acquires Multifamily Property In Mid Beach, Miami Beach For $1.55M
SOLDMultiFamily

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

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.

Players

Michael Maakar

Broker

$10.6M

vol

4 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

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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