Gabriel T Ruz & Rachel L Gerstein Acquire Other Condos In Miami For $11.8M
SOLD
$11,800,000
Florida
See Similar Deals763 SF
Sold 05/30/22
SOLD
Gabriel T Ruz & Rachel L Gerstein Acquire Other Condos In Miami For $11.8M
7950 Southwest 53rd Place, South Miami, Florida 33143, United States
See Similar Deals763 SF
Sold 05/30/22
Summary
FLORIDA
Price Per Square Foot:$15,465
Total Square Footage:763 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$629,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,922.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,938.02
Annual Debt Service$671,256.24
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