BrickOne Group Acquires Multifamily Property In Little Havana For $6.1M
1442 Northeast Miami Court, Miami, FL, USA
$6,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 25, 2020
AI
The multifamily property located at 1442 Northeast Miami Court and 937 Southwest Fifth Street in Little Havana has been sold for a price of $6,100,000. The property spans 12,294 square feet and comprises of 48 units. This transaction was completed on 03/26/2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Address: 1442 Northeast Miami Court, 937 Southwest Fifth Street
- Market: Little Havana
The buyer of this property is BrickOne Group, represented by Costantino Cicchelli, Frank Rodriguez Melo, and Stefano Garofoli. The seller is New Miami Court Inc and the Trust of Thomas Brennan. Multiple brokers were involved in this transaction, including Arthur Porosoff from D Stone Realty LLC and Melo from Cedano Realty Advisors.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93