Elliot Sohayegh Sells Multifamily Properties In Miami For $31M With Aaron Jungreis & Jonathan Brody Representing
625 Carlyle Avenue, Miami Beach, FL, USA
$31,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 8, 2021
AI
An $31,000,000 multifamily property in Miami has been sold. The property includes the following addresses: 8400, 8221, 8215, 7745 Harding Ave, 335 75th St, 630 77th St, 333, 321 84th St, 525-531 76th St, 7609, 7617 & 625 Carlyle Ave. The transaction involved a total of 141 units, with a price per unit (PPU) of $219,858.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $31,000,000
- Market: Miami
The seller of the property was Elliot Sohayegh. The brokers involved in the deal were Aaron Jungreis and Jonathan Brody from the agency represented by Jonathan Brody, Ben Lipkin, Elliot Sohayegh & Aaron Jungreis.
Players
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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93