Gabriel Ormachea Acquires Multifamily Property In Miami For $4.2M
SOLD
$4,200,000
Florida
See Similar DealsMultiFamily18,176 SF
Sold 10/03/2022
SOLD
Gabriel Ormachea Acquires Multifamily Property In Miami For $4.2M
1101 Northeast 80th Street, Miami, Florida 33138, United States
See Similar DealsMultiFamily18,176 SF
Sold 10/03/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$231
Total Square Footage:18,176 SF
Transaction Type:Sale
The multifamily property located at 1101 NE 80th St in Miami, FL has been sold in a closed transaction. The property spans a total of 18,176 square feet, with a price per square foot of $231. The sale took place on 10/03/2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Market: Miami, FL
Gabriel Ormachea was the buyer in this transaction, while Cyril Matz acted as the seller. No additional information regarding the buyer's representative or the seller's representative was provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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