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
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