Jacob Ohayon Acquires Multifamily Property In North Miami For $5.88M
13210 Memorial Highway, Miami, FL 33161
$5,880,000
$201/SF
Building Size
29,176 SF
Asset Type
MultiFamily
Closing
Dec 29, 2021
AI
The multifamily property located at 13210 Memorial Hwy in North Miami has been sold in a recent transaction. The sale took place on 12/29/2021 for a total price of $5,880,000. The property consists of 42 units with a price per unit of $140,000. The total square footage of the property is 29,000, resulting in a price per square foot of $203.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,880,000
- Market: North Miami
Leading the purchase was Jacob Ohayon, who acquired the property. The transaction was facilitated by Harel Bitton of Cromwell & Forbes Inc, who represented Jacob Ohayon as the buyer's broker.
Players
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
2.70%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93