Aaron Haimov & Igal Haimov Acquire Office Building In Miami Beach For $8.05M
820 Arthur Godfrey Road, Miami Beach, FL 33140
$8,050,000
$374/SF
Building Size
21,500 SF
Asset Type
Office
Closing
Oct 6, 2021
AI
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.
Players
Miami Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.97%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93