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1260 NE 139th StNorth Miami...

Federico Shaw Acquires Multifamily Property In North Miami For $4M
SOLDMultiFamily

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

Greg Matus

Franklin Street

Broker

$386.5M

vol

39 deals

Broker

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