Gabriel T Ruz & Rachel L Gerstein Acquire Other Condos In Miami For $11.8M
7950 Southwest 53rd Place, South Miami, Florida 33143, United States
$11,800,000
$15,465/SF
Building Size
763 SF
Asset Type
—
Closing
May 30, 1922
AI
The property involved in this transaction is an Other Condo located at 7950 NW 53rd St, Miami, FL. The sale took place on May 31, 2022, with Gabriel T Ruz & Rachel L Gerstein as the buyers and Gabriel T. Ruz Jr as the seller. The property spans 763 square feet and was sold for a price of $11,800,000, resulting in a price per square foot of $15,465.
Summary of transaction details:
- Property Type: Other Condo
- Transaction Amount: $11,800,000
- Buyer: Gabriel T Ruz & Rachel L Gerstein
- Seller: Gabriel T. Ruz Jr
- Sale Date: May 31, 2022
- Address: 7950 NW 53rd St, Miami, FL
- Square Footage: 763
- Price per Square Foot: $15,465
Gabriel T Ruz & Rachel L Gerstein served as the buyers in this transaction, while Gabriel T. Ruz Jr acted as the seller. The deal was finalized on May 31, 2022, with the property located at 7950 NW 53rd St in Miami, FL. The transaction amount was $11,800,000, and the property measures 763 square feet, resulting in a price per square foot of $15,465.
Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93