Updated Aug 25, 2026
Bay Harbor Islands Multifamily Asset Sold For $8.4M With Arthur Porosoff As The Broker
9881 E Bay Harbor Dr
$8,400,000
$225/SF
Building Size
37,221 SF
Asset Type
MultiFamily
Closing
Oct 9, 2025
About this deal
AI
The property involved in the transaction is a multifamily asset located at 9881 E Bay Harbor Dr in the Bay Harbor Islands market. The sale was finalized at a price of $8,400,000.00, and the total square footage of the asset is 37,221.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,400,000.00
- Address: 9881 E Bay Harbor Dr
- Market: Bay Harbor Islands
- Square Footage: 37,221
The broker representing this transaction was Arthur Porosoff, who facilitated the deal while ensuring the interests of the involved parties were addressed throughout the process.
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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93