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13820 NE 3rd Ct, North Miam...

Liquid Capital Acquires Multifamily Property In North Miami For $15.1M
SOLDMultiFamily

Liquid Capital Acquires Multifamily Property In North Miami For $15.1M

13820 NE 3rd Ct, North Miami, FL, USA

$15,100,000

$176/SF

Building Size

85,547 SF

Asset Type

MultiFamily

Closing

Nov 19, 2021

AI

A multifamily property located at 13820 NE 3rd Ct in North Miami has been sold. The transaction took place on November 19, 2021. The property was sold by Prodesa, represented by Carlos Ortiz, to Liquid Capital, represented by Yitzi Karasick. The sale was facilitated by brokers Victor Garcia, Luca Victoria, and Jo Rousseau.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $15,100,000
  • Asking Price: $15,000,000
  • Units: 77
  • Price per Unit (PPU): $196,104
  • Square Footage (SF): 85,547
  • Price per Square Foot (PPSF): $177
  • Market: North Miami

The sale price of the property was $15,100,000, slightly higher than the asking price of $15,000,000. The property consists of 77 units, with a price per unit of $196,104. The total square footage of the property is 85,547, resulting in a price per square foot of $177.

Players

Jo Rousseau

JLL

Broker

$429.1M

vol

6 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

1.05%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93