Dave Portnoy Acquires Miami Multi-Family Property For $13.98M With Reps Artur Fruman & Dora Puig
Miami, FL, USA
$13,980,000
$1,994/SF
Building Size
7,011 SF
Asset Type
MultiFamily
Closing
Apr 19, 2021
AI
Dave Portnoy has recently made a significant investment in Miami's real estate market. He acquired a multi-family property for a total sum of $13,980,000. The property covers a substantial area of 7,011 square feet, resulting in a price per square foot of $1.994. The transaction was finalized on April 19, 2021, and the property is located on a spacious lot measuring 47,010 square feet.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $13,980,000
- Square Footage: 7,011 SF
- Price per Square Foot: $1.994
- Lot Size: 47,010 SF
- Date: April 19, 2021
- Market: Miami
In this deal, Dave Portnoy was represented by Artur Fruman. On the other side, Krueger Property Holdings & Investments LLC, owned by Lilian Kruger, acted as the seller. Dora Puig served as the seller's representative. These key individuals and companies played crucial roles in facilitating the transaction, ensuring a successful sale of the multi-family property in Miami.
Players
Miami 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93