Federico Shaw Acquires Multifamily Property In North Miami For $4M
1260 NE 139th StNorth Miami, FL 33161, USA
$4,000,000
$277/SF
Building Size
14,421 SF
Asset Type
MultiFamily
Closing
May 31, 2023
AI
A multifamily property located at 1260-1280 Northeast 139th Street in North Miami has been sold for $4,000,000. The property consists of 24 units with an average price per unit of $166,667. The total square footage of the property is 14,421, resulting in a price per square foot of $277.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Units: 24
- Price per Unit: $166,667
- Square Footage: 14,421
- Price per Square Foot: $277
The buyer in this transaction is Federico Shaw, while the seller is Ronen Dagan. The deal was facilitated by brokers Dan Dratch, Ryan Wold, and Greg Matus, representing Franklin Street.
Players
North 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93