Updated Sep 5, 2024
Jacob Ohayon Acquires Multifamily Property In North Miami For $2.1M
14280 Northeast 6th Avenue, North Miami, FL, USA
$2,165,000
$264/SF
Building Size
8,184 SF
Asset Type
MultiFamily
Closing
Aug 31, 2021
About this deal
AI
A multifamily property located at 14280 NE 6th Ave in North Miami has been sold for a price of $2,165,000. The sale was completed on August 31, 2021. The property consists of 19 units, with each unit having a price per unit (PPU) of $113,947. The total square footage of the property is 8,184, resulting in a price per square foot (PPSF) of $265.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,165,000
- Address: 14280 NE 6th Ave, North Miami
- Market: North Miami
The buyer of the property is Jacob Ohayon, while the seller is Carmen Vargas. The transaction was facilitated by broker Luis Riascos.
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
7.33%
Cash-on-Cash
-2.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93