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
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