Arthur Vetancourt Acquires Package Deal In Miami Beach For $4M
SOLD
$4,000,000
Texas
See Similar DealsPackage Deal15,210 SF
Sold 02/10/2023
SOLD
Arthur Vetancourt Acquires Package Deal In Miami Beach For $4M
833 W 39 Street & 5208 Alton Rd
See Similar DealsPackage Deal15,210 SF
Sold 02/10/2023
Summary
TEXAS
Asset Type:Package Deal
Price Per Square Foot:$263
Total Square Footage:15,210 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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