Updated Dec 20, 2023
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
About this deal
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.
On the Map
$11,500,000
$279/SF
MultiFamily
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Players
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