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14880 North Miami Avenue

Lucien Pry Purchases Multifamily Asset From Ghislaine Pierre For $1.3 Million In Miami
SOLDMultiFamily

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:

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

Mauricio Villasuso

Fausto Commercial Realty Consultants

Broker

$91.4M

vol

17 deals

Broker

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