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14820 Northwest 6th Avenue,...

7 Crowns Acquires Multifamily Property In North Miami For $2.75M
SOLDMultiFamily

7 Crowns Acquires Multifamily Property In North Miami For $2.75M

14820 Northwest 6th Avenue, Miami, Florida 33150, United States

$2,750,000

$336/SF

Building Size

8,184 SF

Asset Type

MultiFamily

Closing

May 5, 2022

AI

Located at 14820 NW 6th Ave in North Miami, this multifamily property was recently sold in a closed transaction. The sale took place on 05/06/2022, with the buyer being 7 Crowns and the seller being Jacob K. Ohayon. The property, consisting of 19 units, offers a total square footage of 8,184. The sale price for this transaction was $2,750,000, resulting in a price per unit of $144,737 and a price per square foot of $336.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,750,000
  • Units: 19
  • Price Per Unit: $144,737
  • Total Square Footage: 8,184
  • Price Per Square Foot: $336
  • Market: North Miami

Luigi Ferrer from Smart Miami Realty and Andres "Andy" Ramirez played key roles as the brokers representing 7 Crowns in this transaction. As the Director of Acquisitions for 7 Crowns, Luigi Ferrer requests interested parties to submit direct-to-seller deals to [email protected].

Players

Luigi Ferrer

Broker

$7.9M

vol

5 deals

Broker
7C
7 CrownsBuyer
Jacob Ohayon

Jacob Ohayon

Seller

$108.4M

vol

16 deals

Seller

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

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93