Federico Shaw Acquires Multifamily Property In North Miami For $4M
SOLD
$4,000,000
Florida
See Similar DealsMultiFamily14,421 SF
Sold 05/31/2023
SOLD
Federico Shaw Acquires Multifamily Property In North Miami For $4M
1260 NE 139th StNorth Miami, FL 33161, USA
See Similar DealsMultiFamily14,421 SF
Sold 05/31/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$277
Total Square Footage:14,421 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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