Lucien Pry Purchases Multifamily Asset From Ghislaine Pierre For $1.3 Million In Miami
SOLD
$1,300,000
Florida
See Similar DealsMultiFamily5,000 SF
Sold 08/30/2024
SOLD
Lucien Pry Purchases Multifamily Asset From Ghislaine Pierre For $1.3 Million In Miami
14880 North Miami Avenue
See Similar DealsMultiFamily5,000 SF
Sold 08/30/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$260
Total Square Footage:5,000 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 14880 North Miami Avenue in the Miami market. The sale price for the property was $1,300,000, with a total square footage of 5,000, resulting in a price per square foot of $260.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 14880 North Miami Avenue
- Market: Miami
- Square Footage: 5,000
- Price Per Square Foot: $260
- Buyer: Lucien Pry
- Seller: Ghislaine Pierre
- Broker: Ryan Carney & Mauricio Villasuso - Fausto Commercial Realty Consultants
Ryan Carney and Mauricio Villasuso, representing Fausto Commercial Realty Consultants, facilitated the transaction between the buyer, Lucien Pry, and the seller, Ghislaine Pierre. They played a crucial role in managing the details of the multifamily asset exchange.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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