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.
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