Leon Ojalvo Of Liberty Base Acquires Miami Multifamily Property From Seller Fidel Yero
SOLD
Florida
See Similar DealsMultiFamily20,657 SF
Sold 06/09/2020
SOLD
Leon Ojalvo Of Liberty Base Acquires Miami Multifamily Property From Seller Fidel Yero
1205 Northwest 103rd Lane, Miami, FL, USA
See Similar DealsMultiFamily20,657 SF
Sold 06/09/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$726
Total Square Footage:20,657 SF
Transaction Type:Sale
A multifamily property located at 1205 NE 103rd Ln in Miami has been sold for $15,000,000. The property consists of 106 units, with a price per unit of $141,509. The transaction took place on 06/09/2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $15,000,000
- Address: 1205 NE 103rd Ln, Miami
- Market: Miami
- Units: 106
- Price per Unit: $141,509
The buyer of the property is Leon Ojalvo, represented by Liberty Base. The seller is Fidel Yero. Tomas Sulichin from Related ISG Commercial acted as the buyer's representative, while Jacob Serure from SRE Commercial represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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