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
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