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3907 Alton Road

The Haimov Group Acquires Package Deal In Miami Beach For $12.5M With Broker Stefano Santoro
SOLDPackage Deal

The Haimov Group Acquires Package Deal In Miami Beach For $12.5M With Broker Stefano Santoro

3907 Alton Road, 3915 Alton Road & 976 41st Street

$12,500,000

$244/SF

Building Size

51,048 SF

Asset Type

Package Deal

Closing

Jan 30, 2025

AI

This transaction involved a package deal comprising three contiguous parcels located at 3907 Alton Road, 3915 Alton Road, and 976 41st Street in the Miami Beach market. The properties feature existing structures totaling 17,016 square feet and a combined land area of 20,200 square feet. The sale was completed for $12,500,000, resulting in a price per square foot of $734.

Summary of transaction details:

  • Property Type: Package Deal
  • Transaction Amount: $12,500,000
  • Buyer: Aaron Haimov, Igal Haimov, Moshe Haimov, Rafael Haimov, and Levi Haimov - The Haimov Group
  • Seller: Ira & Jason Giller
  • Broker: Stefano Santoro - Disruptive Real Estate
  • Sale Date: 01/30/2025

Stefano Santoro, the CEO & Managing Broker of Disruptive Real Estate, represented both the seller and the buyer in this sale. This deal highlights how Disruptive Real Estate connects investors with high-value opportunities, particularly in mixed-use development potential.

Players

Stefano Santoro

Disruptive Real Estate

Broker

$256.8M

vol

28 deals

Broker

Miami Beach Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93