Joseph Cohen Acquires Miami Multifamily For $4.05M With Marcus & Millichap Brokers
1281 Northwest 61st Street, Miami, Florida 33142, United States
$4,050,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 19, 2022
AI
A multifamily property located at 1281 NW 61st Street in Miami has been sold for a total of $4,050,000. The property consists of 33 units, resulting in a price per unit of $122,727. The transaction took place on July 20, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,050,000
- Units: 33
- Price Per Unit: $122,727
The buyer in this transaction was Joseph Cohen. The deal was facilitated by Alejandro Gonzalez, Evan Kristol, and Felipe Echarte from Marcus & Millichap.
Players
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
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93