Updated Oct 29, 2024
Esprit Sobe LLC Sells Multifamily Property In South Beach For $2.15M To Bar & Perrot LLC
920 Pennsylvania Ave, South Beach, Miami Beach, FL, USA
$2,150,000
$330/SF
Building Size
6,505 SF
Asset Type
MultiFamily
Closing
Nov 14, 2019
About this deal
AI
A multifamily property located at 920 Pennsylvania Ave in South Beach has been sold for a price of $2,150,000. The property spans a total square footage of 6,505, resulting in a price per square foot of $330.5. The transaction took place on November 15, 2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Address: 920 Pennsylvania Ave
- Market: South Beach
The seller of the property was Esprit Sobe LLC, while the buyer was Bar & Perrot LLC.
Samuel Heskiel, Shlomo Poston, Yaacov Poston, and Marilina Apfelbaum were involved in the transaction as representatives.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93