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Jonathan Sredni Acquires Multifamily Property In Miami Beach For $6.8M

1971-1985 Bay Drive
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This MultiFamily property located in FL was sold for $6,800,000 about 2 years ago. The brokers of the deal were Alec Demetriou, Joseph Thomas, Adam Duncan, Eduardo "Eddie" Toledo, and Jonathan De La Rosa

The multifamily property located at 1971-1985 Bay Drive in Miami Beach has been sold. The transaction took place on January 13, 2022. The property consists of 24 units and spans 16,365 square feet. The sale price for this property was $6,800,000, resulting in a price per unit of $283,333 and a price per square foot of $416.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,800,000
  • Address: 1971-1985 Bay Drive
  • Market: Miami Beach
  • Units: 24
  • Price per Unit: $283,333
  • Square Footage: 16,365
  • Price per Square Foot: $416

The buyer in this transaction was Jonathan Sredni, while the seller was Yariv Bensira. The deal was facilitated by brokers Joseph Thomas, Adam Duncan, Jonathan De La Rosa, Eduardo Toledo, and Alec Demetriou from Marcus & Millichap.

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Deals
  • Location
    1971 Bay Drive, Miami Beach, Florida 33141, United States1971 Bay Drive, Miami Beach, Florida 33141, United States
  • Sale Price
    $6,800,000$6,800,000
    $415 PPSF$415 PPSF
  • Area
    16,365 SF16,365 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Alec Demetriou

Alec Demetriou

Deals14
Sold$99.4M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Joseph Thomas, Yariv Bensira, Adam Duncan, Alec Demetriou, Jonathan De La Rosa, Pedro Camejo & Eduardo Toledo DATE: 01/13/2022 ADDRESS: 1971-1985 Bay Drive MARKET: Miami Beach ASSET TYPE: Multifamily BUYER: Jonathan Sredni SELLER: Yariv Bensira BROKERS: Joseph Thomas, Adam Duncan, Jonathan De La Rosa, Eduardo Toledo, Alec Demetriou - Marcus & Millichap SALE PRICE: $6,800,000 UNITS: 24 ~ PPU: $283,333 SF: 16,365 ~ PPSF: $416

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1971-1985 Bay Drive

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