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

Property Image
SOLD
$2,750,000

Florida

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MultiFamily8,184 SF
Sold 05/06/2022
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily8,184 SF
Sold 05/06/2022
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$336
Total Square Footage:8,184 SF
Transaction Type:Sale

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

5 deals$7.9M volume
BROKER


BUYER

Jacob Ohayon
16 deals$108.4M volume
SELLER

Details

SOLD
IMAGE: Luigi Ferrer & Andres “Andy” Ramirez DATE: 05/06/2022 ADDRESS: 14820 NW 6th Ave MARKET: North Miami ASSET TYPE: Multifamily BUYER: 7 Crowns SELLER: Jacob K. Ohayon BROKERS: Luigi Ferrer - Smart Miami Realty; Andres “Andy” Ramirez SALE PRICE: $2,750,000 UNITS: 19 ~ PPU: $144,737 SF: 8,184 ~ PPSF: $336 NOTE FROM BROKER: As the Direct of Acquisitions for 7 Crowns and please submit direct to seller deals to 👉🏽[email protected]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$146,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84