Updated Oct 29, 2024
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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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