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9800 East Bay Harbor Drive,...

Leon Peisach & Mike Peisach Acquire Multifamily Property In Bay Harbor Islands For $8.16M
SOLDMultiFamily

Leon Peisach & Mike Peisach Acquire Multifamily Property In Bay Harbor Islands For $8.16M

9800 East Bay Harbor Drive, Bay Harbor Islands, FL 33154, USA

$8,200,000

Building Size

Asset Type

MultiFamily

Closing

Jul 16, 2020

AI

An multifamily property located at 9770 E Bay Harbor DrBay Harbor Islands & 9800 E Bay Harbor DrBay Harbor Islands in Bay Harbor Islands was recently sold for a total of $8,164,000. The property consists of 33 units, with an average price per unit of $247,394.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,164,000
  • Units: 33
  • Price per Unit: $247,394
  • Buyer: Leon Peisach & Mike Peisach
  • Seller: Bar Invest Group
  • Brokers: Marilina Apfelbaum & Sam Heskiel

The buyers in the transaction were Leon Peisach and Mike Peisach, while the sellers were Bar Invest Group. The deal was facilitated by brokers Marilina Apfelbaum and Sam Heskiel.

Players

Marilina Apfelbaum

Beachfront Realty

Broker

$226.6M

vol

19 deals

Broker
Leon Peisach

Leon Peisach

Buyer

$209.5M

vol

10 deals

Buyer
Bar Invest Group
Bar Invest GroupSeller

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

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93