Joseph Ehrman Acquires 1315 Ne Miami Court Multifamily From Randy Levine For $8.5M
1315 Ne Miami Court
$8,500,000
$417/SF
Building Size
20,376 SF
Asset Type
MultiFamily
Closing
Dec 29, 2021
AI
The property involved in this transaction is a MultiFamily asset located at 1315 Ne Miami Court in Miami. The total square footage of the asset is 20,376, and the sale price was $8,500,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,500,000.00
- Address: 1315 Ne Miami Court
- Market: Miami
- Square Footage: 20,376
- Buyer: Joseph Ehrman
- Seller: Randy Levine
- Brokers: Arthur Porosoff, David Cohen (Horvath & Tremblay)
The transaction involved Joseph Ehrman as the buyer, purchasing the property from seller Randy Levine. The brokerage representation was provided by Arthur Porosoff and David Cohen from Horvath & Tremblay, facilitating the deal between the buyer and seller.
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93