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
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