Updated Dec 20, 2023
George Hanley & Gustaf Arnoldsson Acquire Multifamily Property On Bay Dr In Miami Beach For $4.3M
960 Bay Dr, Miami Beach, FL, USA
$4,325,000
$252/SF
Building Size
17,139 SF
Asset Type
MultiFamily
Closing
Sep 26, 2021
About this deal
AI
The multifamily property located at 960 Bay Dr in Miami Beach has been sold for a total of $4,325,000. The property spans across 17,139 square feet, resulting in a price per square foot of $252.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,325,000
- Square Footage: 17,139
- Price per Square Foot: $252
- Address: 960 Bay Dr, Miami Beach
The buyers of the property are George Hanley and Gustaf Arnoldsson, while the seller is Jean-Claude Ruche. The real estate transaction represents a significant deal in the Miami Beach market.
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
3.67%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93