Category Five Real Estate Acquires MultiFamily Property In Bay Harbor Islands For $12.5M
9800 East Bay Harbor Drive
$12,500,000
$938/SF
Building Size
13,326 SF
Asset Type
MultiFamily
Closing
Aug 7, 2023
AI
A multifamily property located at 9800 East Bay Harbor Drive in Bay Harbor Islands has been sold for a price of $12,500,000. The property consists of 33 units, with an average price per unit of $378,788. The total square footage of the property is 13,326, resulting in a price per square foot of $938.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $12,500,000
- Units: 33
- Price per Unit: $378,788
- Square Footage: 13,326
- Price per Square Foot: $938
- Address: 9800 East Bay Harbor Drive
- Market: Bay Harbor Islands
Category Five Real Estate represented by Leon Peisach and Mike Peisach acted as the seller in this transaction.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93