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575 Northeast 143rd Street,...

Alejandro Gershanik Acquires Multifamily Property In North Miami For $3.6M
SOLDMultiFamily

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

Elliot Shainberg

Broker

$38.8M

vol

6 deals

Broker
Guy Goldberg

Guy Goldberg

Seller

$51.3M

vol

9 deals

Seller

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