Updated Oct 28, 2024
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
About this deal
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
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