Arthur Vetancourt Acquires Package Deal In Miami Beach For $4M
833 W 39 Street & 5208 Alton Rd
$4,000,000
$263/SF
Building Size
15,210 SF
Asset Type
Package Deal
Closing
Feb 10, 2023
AI
An off-market package deal in Miami Beach has been sold for $4,000,000. The transaction included two properties located at 833 W 39th Street and 5208 Alton Road. The total square footage of the properties is 7,605, resulting in a price per square foot of $526.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $4,000,000
- Address: 833 W 39 Street & 5208 Alton Rd
- Market: Miami Beach
The buyer in this deal was Arthur Vetancourt, while the seller was Amr Alian. Representing the seller was Michael Maakar from InterConnect Realty.
Players
Austin 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93