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
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