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9350 Bay Harbor Terrace

Link Real Estate Sells Multifamily Property In Bay Harbor Islands For $12.6M
SOLDMultiFamily

Link Real Estate Sells Multifamily Property In Bay Harbor Islands For $12.6M

9350 Bay Harbor Terrace

$12,600,000

Building Size

Asset Type

MultiFamily

Closing

Aug 22, 2023

AI

The multifamily property located at 9350 Bay Harbor Terrace in Bay Harbor Islands has recently been sold for a price of $12,600,000. The transaction took place on August 22, 2023. The property, owned by Link Real Estate and represented by Dan Arev, was listed and sold through the brokerage firm Biscayne Advisors, with Yishai Sinai acting as the broker.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $12,600,000
  • Address: 9350 Bay Harbor Terrace, Bay Harbor Islands
  • Market: Bay Harbor Islands

The sale of this multifamily property represents a significant closed transaction in the Bay Harbor Islands market. It showcases the strong demand for multifamily properties in this area and highlights the success of the brokerage firm Biscayne Advisors in facilitating this deal. The involvement of Yishai Sinai as the broker further emphasizes the expertise and reputation of Biscayne Advisors in the local real estate market.

Players

Yishai Sinai

Biscayne Advisors

Broker

$93.5M

vol

16 deals

Broker

Dan Arev

Link Real Estate

Seller

$36.5M

vol

4 deals

Seller

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

1.26%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93