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1250 Southwest 6th Street, ...

Armando Bardisa And Sayam Ibrahim Acquire Multifamily Property In Miami For $8.3M
FINANCEDMultiFamily

Armando Bardisa And Sayam Ibrahim Acquire Multifamily Property In Miami For $8.3M

1250 Southwest 6th Street, Miami, Florida 33135, United States

$8,300,000

$232/SF

Building Size

35,732 SF

Asset Type

MultiFamily

Closing

May 5, 2022

AI

A multifamily property located at 1250 SW 6th St in Miami has been involved in a recent transaction. The property consists of 72 units and was purchased by Armando Bardisa and Sayam Ibrahim.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,300,000
  • Address: 1250 SW 6th St
  • Market: Miami
  • Units: 72

The loan for this transaction was provided by Sheridan Capital, represented by Michael Yassky and Aaron Kurlansky. The loan amount was $8,300,000 and it was a purchase loan.

The brokers involved in this deal were Metro Fund Inc., represented by Orlando Diaz and Nelson Lopez.

Players

Orlando Diaz

Metro Fund

Broker

$19.6M

vol

4 deals

Broker

Armando Bardisa

Buyer

$17.9M

vol

2 deals

Buyer
Sheridan Capital
Sheridan CapitalLender

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.91%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93