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
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