Leon J. Wolfe Acquires Multifamily Property In Miami, FL For $15.01M
SOLD
Florida
See Similar DealsMultiFamily25,990 SF
Sold 01/18/2022
SOLD
Leon J. Wolfe Acquires Multifamily Property In Miami, FL For $15.01M
1050 Northwest 155th Lane, Miami, Florida 33169, United States
See Similar DealsMultiFamily25,990 SF
Sold 01/18/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$577
Total Square Footage:25,990 SF
Transaction Type:Sale
The multifamily property located at 1050 NW 155th Ln in Miami, FL has been sold. The transaction took place on January 18, 2022. The property spans a total of 25,990 square feet and was sold at a price of $15,011,865, resulting in a price per square foot of $577.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,011,865
- Address: 1050 NW 155th Ln, Miami, FL
- Market: Miami, FL
- Buyer: Leon J. Wolfe
- Seller: Jorge Lopez
Leon J. Wolfe is the buyer of the property, while Jorge Lopez is the seller. No additional information about the deal's key individuals and companies is available at this time.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$800,632.80
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,333.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,163.90
Annual Debt Service$853,966.79
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