Liquid Capital Acquires Multifamily Property In North Miami For $15.1M
SOLD
$15,100,000
Florida
See Similar DealsMultiFamily85,547 SF
Sold 11/19/2021
SOLD
Liquid Capital Acquires Multifamily Property In North Miami For $15.1M
13820 NE 3rd Ct, North Miami, FL, USA
See Similar DealsMultiFamily85,547 SF
Sold 11/19/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$176
Total Square Footage:85,547 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$805,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,647.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,581.70
Annual Debt Service$858,980.44
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