F Advance Management Acquires Multifamily Property In North Miami Beach For $5.8M
SOLD
$5,800,000
Florida
See Similar DealsMultiFamily27,800 SF
Sold 10/05/2021
SOLD
F Advance Management Acquires Multifamily Property In North Miami Beach For $5.8M
16851 Northeast 18th Avenue, North Miami Beach, FL 33162, USA
See Similar DealsMultiFamily27,800 SF
Sold 10/05/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$208
Total Square Footage:27,800 SF
Transaction Type:Sale
This multifamily property located at 16851 NE 18th Avenue in North Miami Beach was recently sold in a closed transaction. The property consists of 36 units with a total square footage of 27,800. The asking price for the property was $6,000,000, and it was sold for $5,800,000, resulting in a price per unit of $161,111 and a price per square foot of $208.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Address: 16851 NE 18th Avenue
- Market: North Miami Beach
The buyer of this property was F Advance Management, represented by Demian Perelmuter. The seller was EUS At 18th Ave LP, represented by Ricardo Ulloa. The brokers involved in this transaction were Calum Weaver and Perry Synanidis from Cushman & Wakefield.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
Is there something missing? Send suggestions