Aaron Haimov & Igal Haimov Acquire Office Building In Miami Beach For $8.05M
SOLD
Florida
See Similar DealsOffice21,500 SF
Sold 10/06/2021
SOLD
Aaron Haimov & Igal Haimov Acquire Office Building In Miami Beach For $8.05M
820 Arthur Godfrey Road, Miami Beach, FL 33140
See Similar DealsOffice21,500 SF
Sold 10/06/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$374
Total Square Footage:21,500 SF
Transaction Type:Sale
A 21,500 square foot office property located at 820 Arthur Godfrey Rd in Miami Beach has been sold for $8,050,000. The property was sold by Rachel Gerstein to Igal Haimov and Aaron Haimov. The transaction took place on 10/06/2021 and the sale price equates to a price per square foot of $374.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,050,000
- Address: 820 Arthur Godfrey Rd, Miami Beach
- Market: Miami Beach
Igal Haimov and Aaron Haimov purchased the office property from Rachel Gerstein. The transaction was finalized at a price of $8,050,000, resulting in a price per square foot of $374. The property is located at 820 Arthur Godfrey Rd in Miami Beach. The sale took place on 10/06/2021.
It is worth mentioning that the purchase was made through SandhouseMiami, a real estate agency.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$429,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,599.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,161.11
Annual Debt Service$457,933.28
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