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14280 Northeast 6th Avenue,...

Michael Abadi & Nathan Yadgar Acquire Multifamily Property In Miami, FL For $2.7M
SOLDMultiFamily

Michael Abadi & Nathan Yadgar Acquire Multifamily Property In Miami, FL For $2.7M

14280 Northeast 6th Avenue, Miami, Florida 33161, United States

$2,725,000

$333/SF

Building Size

8,184 SF

Asset Type

MultiFamily

Closing

May 17, 2022

AI

The property asset involved in this transaction is located at 14280 Ne 6th Ave in Miami, FL. It is categorized as a multifamily asset with a total square footage of 8,184. The transaction was completed for a price of $2,725,000, translating to a price per square foot of approximately $332.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,725,000
  • Address: 14280 Ne 6th Ave
  • Market: Miami, FL
  • Square Footage: 8,184
  • Price per Square Foot: $332
  • Buyer: Michael Abadi & Nathan Yadgar
  • Seller: Jacob K. Ohayon

The deal involved the participation of the buyers Michael Abadi and Nathan Yadgar, who purchased the property from seller Jacob K. Ohayon. This transaction marks a significant movement in the multifamily sector within the Miami market.

Players

Jacob Ohayon

Edenvest

Broker

$108.4M

vol

16 deals

Broker
Jacob Ohayon

Jacob Ohayon

Seller

$108.4M

vol

16 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

5.82%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93