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13605 Northeast 3rd Court, ...

Mike Sagaro Acquires 57-Unit Multifamily In North Miami For $11.5M
SOLDMultiFamily

Mike Sagaro Acquires 57-Unit Multifamily In North Miami For $11.5M

13605 Northeast 3rd Court, North Miami, Florida 33161, United States

$11,500,000

$279/SF

Building Size

41,100 SF

Asset Type

MultiFamily

Closing

Jun 28, 2022

AI

Located at 13605 NE 3rd Ct in North Miami, this multifamily property was recently sold in a closed transaction. The sale took place on June 29, 2022, with a sale price of $11,500,000. The property consists of 57 units, with each unit valued at approximately $201,754. The total square footage of the property is 41,100, resulting in a price per square foot of $280.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $11,500,000
  • Address: 13605 NE 3rd Ct
  • Market: North Miami

The buyer of this property is Mike Sagaro, while the seller is Maxim Mochalov. The deal was facilitated by the brokers Ryan Wold, Dan Dratch, and Greg Matus from Franklin Street. They represented their respective parties throughout the transaction.

Players

Greg Matus

Franklin Street

Broker

$386.5M

vol

39 deals

Broker

North 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

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93