Lucien Pry Purchases Multifamily Asset From Ghislaine Pierre For $1.3 Million In Miami
14880 North Miami Avenue
$1,300,000
$260/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Aug 30, 2024
AI
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.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93