Marcelo Martinez Buys Multifamily Property In Miami From Hugo Koifman For $750,000
1101 Sw 6th St
$750,000
$194/SF
Building Size
3,864 SF
Asset Type
MultiFamily
Closing
Jun 13, 2016
AI
The property involved in the transaction is a MultiFamily asset located at 1101 Sw 6th St, Miami. The total square footage of the asset is 3,864, and it was sold for $750,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $750,000.00
- Address: 1101 Sw 6th St
- Market: Miami
- Square Footage: 3,864
- Buyer: Marcelo Martinez
- Seller: Hugo Koifman
- Broker: Arthur Porosoff
In this transaction, Marcelo Martinez acted as the buyer, while Hugo Koifman was the seller. The deal was facilitated by broker Arthur Porosoff, representing the parties involved.
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
21.15%
Cash-on-Cash
-6.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93