Updated Dec 21, 2023
Susan Cahill Acquires Multifamily Property In Miami Beach For $5.5M
9160 West Bay Harbor Drive, Miami, Florida 33154, United States
$5,500,000
$606/SF
Building Size
9,069 SF
Asset Type
MultiFamily
Closing
Jun 22, 2022
About this deal
AI
The multifamily property located at 9160 W Bay Harbor Dr in Miami Beach, FL has been sold in a closed transaction. The property spans a total square footage of 9,069 and was sold for a price of $5,500,000. This translates to a price per square foot of $606.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- Address: 9160 W Bay Harbor Dr
- Market: Miami Beach, FL
Susan Cahill was the buyer in this transaction, while the seller was William S. Hannon.
Players
Bay Harbor Islands 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93