Updated Nov 19, 2023
Robert I Goldfarb Acquires Office Building In Miami, FL For $5.3M
1390 NW 7th St, Miami, Florida 33125, United States
$5,300,000
$757,142/SF
Building Size
7 SF
Asset Type
MultiFamily
Closing
Jun 1, 2023
About this deal
AI
The office building located at 1390 W 7th St in Miami, FL has been sold in a recent transaction. The property, spanning across 7,074 square feet, was sold for a price of $5,300,000. The price per square foot comes to $749. The sale took place on 01/06/2023.
Summary of transation details
- Property Type: Office Building
- Transaction Amount: $5,300,000
- Buyer: Robert I Goldfarb
- Seller: Stanton G Levin
- Market: Miami, FL
In this deal, Robert I Goldfarb acted as the buyer, while Stanton G Levin served as the seller's representative. Both parties played a crucial role in the successful completion of the transaction.
Players
Market 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93