Alejandro Gershanik Acquires Multifamily Property In North Miami For $3.6M
575 Northeast 143rd Street, North Miami, FL, USA
$3,600,000
$135/SF
Building Size
26,623 SF
Asset Type
MultiFamily
Closing
Jan 28, 2021
AI
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.
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93