Josh Stein & Samuel Schwartz Acquire Miami Shores Multifamily For $2.25M
1316 Northeast 105th Street
$2,250,000
$231/SF
Building Size
9,740 SF
Asset Type
—
Closing
Aug 30, 2022
About this deal
AI
The multifamily property located at 1316 NE 105th St in Miami Shores has been sold for a total price of $2,250,000. The property consists of 8 units, with an average price per unit of $281,250. The total square footage of the property is 9,740, and the price per square foot is $231.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Units: 8
- Price per Unit: $281,250
- Square Footage: 9,740
- Price per Square Foot: $231
- Address: 1316 NE 105th St, Miami Shores
The buyers in this transaction are Josh Stein and Samuel Schwartz, while the seller is Mariano Pini.
Note: No additional information is available regarding this transaction.
Players
Miami Shores CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93