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Albert Ali Acquires Multifamily Property In Miami Beach For $3.6M

8260 Byron Avenue
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This MultiFamily property located in FL was sold for $3,600,000 over 3 years ago. The brokers of the deal were Perry Synanidis, Garrett Pordes, and Calum Weaver

The multifamily property located at 8260 Byron Avenue in Miami Beach has been sold. The transaction took place on July 13, 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,600,000
  • Address: 8260 Byron Avenue, Miami Beach
  • Market: Miami Beach

The buyer of the property is Albert Ali, while the seller is AJP Ventures. The deal was facilitated by Garrett Pordes, Calum Weaver, and Perry Synanidis from Cushman & Wakefield.

The property was listed with an asking price of $3,650,000, and it was sold for $3,600,000. The multifamily asset consists of 20 units, with a price per unit (PPU) of $180,000. The total square footage of the property is 10,000, resulting in a price per square foot (PPSF) of $360. The capitalization rate (CAP) for this investment stands at 4.7%.

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Deals
  • Location
    8260 Byron Avenue, Miami Beach, FL, USA8260 Byron Avenue, Miami Beach, FL, USA
  • Sale Price
    $3,600,000$3,600,000
    $360 PPSF$360 PPSF
  • Area
    10,000 SF10,000 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Perry Synanidis

Perry Synanidis

Deals12
Sold$226.9M

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4186
Volume$167B

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Deal Summary

SALE IMAGE: Calum Weaver, Garrett Pordes & Perry Synanidis DATE: 07/13/2021 ADDRESS: 8260 Byron Avenue MARKET: Miami Beach ASSET TYPE: Multifamily BUYER: Albert Ali SELLER: AJP Ventures BROKER: Garrett Pordes (@GarrettPordess13), Calum Weaver & Perry Synanidis (@PerrySynanidis) - Cushman & Wakefield (@CushWake) ASKING PRICE: $3,650,000 SALE PRICE: $3,600,000 UNITS: 20 ~ PPU: $180,000 SF: 10,000 ~ PPSF: $360 CAP: 4.7%

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