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13210 Memorial Highway, Mia...

Jacob Ohayon Acquires Multifamily Property In North Miami For $5.88M
SOLDMultiFamily

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

Deme Mekras

MSP Group

Broker

$270.5M

vol

32 deals

Broker
Jacob Ohayon

Jacob Ohayon

Buyer

$108.4M

vol

16 deals

Buyer

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

2.70%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93