facebook
Traded Co logo
Submit

Michael Aleman & Brandon Krips Purchase Multifamily Property From Jonathan Parker For $2.88M In Miami

Property Image
SOLD
$2,880,000

Florida

See Similar Deals
MultiFamily24,614 SF
Sold 12/03/2024
the dealplayerscompscontact
Property Image
SOLD

Michael Aleman & Brandon Krips Purchase Multifamily Property From Jonathan Parker For $2.88M In Miami

1306 NW 61 St & 7000 Northwest 8th Avenue

See Similar Deals
MultiFamily24,614 SF
Sold 12/03/2024
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$117
Total Square Footage:24,614 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 1306 Northwest 61 Street & 7000 Northwest 8th Avenue, situated in the Miami market. The sale price of the property was $2,880,000, comprising a total of 18 units. The property spans a total area of 12,307 square feet, resulting in a price per unit of $160,000 and a price per square foot of $234.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,880,000
  • Units: 18
  • Square Footage: 12,307
  • Price Per Unit: $160,000
  • Price Per Square Foot: $234
  • Buyer: Michael Aleman & Brandon Krips
  • Seller: Jonathan Parker
  • Seller's Representatives: Julian Zuniga & Gerard Yetming, Damian Johnson - Colliers

The transaction was facilitated by the seller's representatives, Julian Zuniga and Gerard Yetming alongside Damian Johnson, all of whom are affiliated with Colliers. Their involvement underscores the collaborative effort behind the consummation of this multifamily asset sale.

Players

Julian Zuniga
16 deals$102M volume(786) 547-0153
BROKER

Gerard Yetming
Colliers
17 deals$125.5M volume(305) 342-5059
BROKER

Damian Johnson
Colliers
6 deals$16.7M volume(305) 858-6239
BROKER

Details

SOLD
IMAGE: Gerard Yetming, Julian Zuniga & Damian Johnson DATE: 12/03/2024 ADDRESS: 1306 Northwest 61 Street & 7000 Northwest 8th Avenue MARKET: Miami ASSET TYPE: Multifamily BUYER: Michael Aleman & Brandon Krips SELLER: Jonathan Parker SELLER'S REP: Julian Zuniga (@Zuniga346) & Gerard Yetming (@GerardYetming), Damian Johnson (@Daggaking32) - Colliers (@ColliersInternational) SALE PRICE: $2,880,000 UNITS: 18 ~ PPU: $160,000 SF: 12,307 ~ PPSF: $234

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$153,600.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,232.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,652.67
Annual Debt Service$163,832.03