Jacob Ohayon Acquires Multifamily Property In North Miami For $2.1M
SOLD
$2,165,000
Florida
See Similar DealsMultiFamily8,184 SF
Sold 08/31/2021
SOLD
Jacob Ohayon Acquires Multifamily Property In North Miami For $2.1M
14280 Northeast 6th Avenue, North Miami, FL, USA
See Similar DealsMultiFamily8,184 SF
Sold 08/31/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$264
Total Square Footage:8,184 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$115,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,691.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,263.20
Annual Debt Service$123,158.45
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