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625 Carlyle Avenue, Miami B...

Elliot Sohayegh Sells Multifamily Properties In Miami For $31M With Aaron Jungreis & Jonathan Brody Representing
SOLDMultiFamily

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

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

207 deals

Broker
Elliot Sohayegh

Elliot Sohayegh

Seller

$66.5M

vol

10 deals

Seller

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