Updated Oct 28, 2024
Global Prestige Estates Acquires Multifamily Property In North Miami For $4.1M
13030 Northeast 6th Avenue, North Miami, Florida 33161, United States
$4,100,000
$201/SF
Building Size
20,316 SF
Asset Type
MultiFamily
Closing
Jun 27, 2022
About this deal
AI
A multifamily property located at 13030-13090 NE 6th Avenue in North Miami has been sold for a price of $4,100,000. The property consists of 22 units with an average price per unit of $186,364. The total square footage of the property is 20,316, with a price per square foot of $202.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Address: 13030-13090 NE 6th Avenue
- Market: North Miami
The buyer of this property is Global Prestige Estates, LLC, while the seller is Junior League. The deal was facilitated by Evan Kristol, Felipe Echarte, and Nicholas McAndrew of Marcus & Millichap.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93