Amr Alian Acquires Multifamily Property In Mid Beach, Miami Beach For $1.55M
SOLD
$1,555,000
Florida
See Similar DealsMultiFamily4,969 SF
Sold 11/19/2021
SOLD
Amr Alian Acquires Multifamily Property In Mid Beach, Miami Beach For $1.55M
833 West 39th Street, Miami Beach, FL 33140
See Similar DealsMultiFamily4,969 SF
Sold 11/19/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$312
Total Square Footage:4,969 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,524.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,371.49
Annual Debt Service$88,457.92
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