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100 NE 78 St

Estaban Koffsmon Acquires Little River Multifamily For $1.92M
SOLDMultiFamily

Estaban Koffsmon Acquires Little River Multifamily For $1.92M

100 NE 78 St & 7717 Northeast 1st Avenue

$1,920,000

$139/SF

Building Size

13,786 SF

Asset Type

MultiFamily

Closing

Oct 26, 2023

AI

An multifamily property located at 100 Northeast 78 Street & 7717 1st Avenue in Little River has been sold for a price of $1,920,000. The property consists of 12 units with an average price per unit of $160,000. The total square footage of the property is 6,893, with a price per square foot of $279.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,920,000
  • Address: 100 Northeast 78 Street & 7717 1st Avenue
  • Market: Little River
  • Units: 12
  • Price per Unit: $160,000
  • Total Square Footage: 6,893
  • Price per Square Foot: $279

The buyer of the property is Estaban Koffsmon, while the seller is David Osorio. The buyer was represented by Ernie Perez from Gridline Properties, and the seller was represented by Shelly Poston, also from Gridline Properties.

Players

Ernie Perez

Gridline Properties

Broker

$69.9M

vol

20 deals

Broker

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.26%

Cash-on-Cash

-2.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93