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11520 NE 6th Ave, Biscayne ...

Updated Oct 29, 2024

Sergey Sandler Acquires 12-Unit Multifamily In Biscayne Park For $2M
SOLDMultiFamily

Sergey Sandler Acquires 12-Unit Multifamily In Biscayne Park For $2M

11520 NE 6th Ave, Biscayne Park, FL, USA

$2,000,000

$350/SF

Building Size

5,702 SF

Asset Type

MultiFamily

Closing

Feb 17, 2020

About this deal

AI

The multifamily property located at 11520 N 6th Ave in Biscayne Park has recently been sold. The transaction took place on February 18, 2020, with Sergey Sandler as the buyer and Biscayne Park Investments LLC, represented by Rose A. Sayre, as the seller. The property was sold for a total price of $2,000,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Address: 11520 N 6th Ave, Biscayne Park
  • Market: Biscayne Park
  • Square Footage: 5,702
  • Price per Square Foot: $350
  • Number of Units: 12
  • Price per Unit: $166,666

Sergey Sandler acted as the buyer in this transaction. On the other side, Biscayne Park Investments LLC, represented by Rose A. Sayre, served as the seller. The sale price of $2,000,000 reflects a price per square foot of $350 and a price per unit of $166,666. The property consists of 12 units and spans a total of 5,702 square feet.

Players

Biscayne Park MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $350 per square foot on a published $2M for 5,702 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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