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Miami, FL, USA

Dave Portnoy Acquires Miami Multi-Family Property For $13.98M With Reps Artur Fruman & Dora Puig
SOLDMultiFamily

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

Dora Puig

Luxe Living Realty

Broker

$1.4B

vol

87 deals

Broker
Dave Portnoy

Dave Portnoy

Barstool Sports

Buyer

$93.5M

vol

7 deals

Buyer

Miami 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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93