Updated Dec 20, 2023
Edgar Suarez Acquires Multifamily Property On Ne 78th St, Little River For $910K
1040 NE 78th St, Little River, Miami, FL, USA
$910,000
$236/SF
Building Size
3,845 SF
Asset Type
MultiFamily
Closing
Aug 16, 2021
About this deal
AI
Located in Little River, the multifamily property at 1040 NE 78th St was recently sold for a total of $910,000. The property consists of 5 units, with each unit having a price per unit (PPU) of $182,000. The total square footage of the property is 3,845, resulting in a price per square foot (PPSF) of $237. This transaction took place on August 16, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $910,000
- Units: 5
- PPU: $182,000
- Square Footage: 3,845
- PPSF: $237
The buyer for this transaction was Edgar Suarez, while the seller was Rebecca Hoschander. The deal was facilitated by brokers Yaacov Poston and Shlomo Poston from The Real Estate Lab, who represented both parties in the sale. Beachfront Realty also played a role in the transaction.
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
17.43%
Cash-on-Cash
-4.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93