Updated Feb 25, 2025
Gabriel Ormachea Acquires Multifamily Property In Miami For $4.2M
1101 Northeast 80th Street, Miami, Florida 33138, United States
$4,200,000
$231/SF
Building Size
18,176 SF
Asset Type
MultiFamily
Closing
Oct 2, 2022
About this deal
AI
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.
On the Map
$4,200,000
$231/SF
MultiFamily
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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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93