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820 Arthur Godfrey Road, Mi...

Aaron Haimov & Igal Haimov Acquire Office Building In Miami Beach For $8.05M
SOLDOffice

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

Igal Haimov

Buyer

$25.7M

vol

3 deals

Buyer

Rachel L Gerstein

Seller

$19.9M

vol

2 deals

Seller

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