Updated Oct 29, 2024
SLS Capital Group Acquires Miami Beach MultiFamily For $2.08M
865 West 39th Street
$2,080,000
$398/SF
Building Size
5,217 SF
Asset Type
MultiFamily
Closing
Apr 7, 2023
About this deal
AI
The multi-family property at 865 West 39th Street in Miami Beach has been sold for a price of $2,080,000. This property consists of 8 units, resulting in a price per unit of $260,000. It spans a total area of 5,217 square feet, making the price per square foot $399.
Summary of transaction details
- Property Type: Multi-Family
- Transaction Amount: $2,080,000
- Units: 8
- Price per Unit: $260,000
- Square Feet: 5,217
- Price per Square Foot: $399
Josh Stein, Max Loria, and Sam Schwartz of SLS Capital Group represented the buyers in this transaction. The seller in this deal was Oscar Gonzalez.
Players
Market 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
7.63%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93