Alejandro Gershanik Acquires Multifamily Property In North Miami For $3.6M
SOLD
$3,600,000
+ 2
Florida
See Similar DealsMultiFamily26,623 SF
Sold 01/29/2021
SOLD
Alejandro Gershanik Acquires Multifamily Property In North Miami For $3.6M
575 Northeast 143rd Street, North Miami, FL, USA
See Similar DealsMultiFamily26,623 SF
Sold 01/29/2021
+ 2
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$135
Total Square Footage:26,623 SF
Transaction Type:Sale
The multifamily property located at 575 NE 143rd Street in North Miami has been sold in a recent transaction. The property consists of 24 units with a total square footage of 26,623. The asking price for the property was $3,795,000, and it was sold for $3,600,000. The price per unit was $150,000, and the price per square foot was $135.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Address: 575 NE 143rd Street, North Miami
- Market: North Miami
Alejandro Gershanik acted as the buyer in this transaction, while Guy Goldberg and Shai Yitzhaki were the sellers. The brokers involved in the deal were Deme Mekras and Elliot Shainberg of MSP Group LLC, representing the sellers, and Alejandro Gershanik of BM2 Realty LLC, representing himself as the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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