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1315 Ne Miami Court

Joseph Ehrman Acquires 1315 Ne Miami Court Multifamily From Randy Levine For $8.5M
SOLDMultiFamily

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:

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

David Cohen

Horvath & Tremblay

Broker

$67.3M

vol

10 deals

Broker

Joseph Ehrman

Buyer

$14M

vol

2 deals

Buyer

Randy Levine

Seller

$8.5M

vol

1 deal

Seller

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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