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Nicki Dehghani Acquires Multifamily Property In North Miami Beach For $2.025M

Property Image
SOLD
$2,025,000
Jamie Rose Maniscalco
Yoni Sunshine
+ 1

Florida

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MultiFamily4,260 SF
Sold 08/10/2023
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Property Image
SOLD

Nicki Dehghani Acquires Multifamily Property In North Miami Beach For $2.025M

17175 NE 19th Ave North Miami Beach, FL 33162, USA

See Similar Deals
MultiFamily4,260 SF
Sold 08/10/2023
Jamie Rose Maniscalco
Yoni Sunshine
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$475
Total Square Footage:4,260 SF
Transaction Type:Sale

A multifamily property located at 17175 NE 19th Avenue in North Miami Beach has been sold for a total price of $2,025,000. The property spans 4,260 square feet, resulting in a price per square foot of $475. It consists of 8 units, with each unit being sold at an average price of $253,125.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,025,000
  • Address: 17175 NE 19th Avenue, North Miami Beach
  • Market: North Miami Beach

The buyer of the property is Nicki Dehghani, while the seller is Nathan Yadgar. Adriano Salucci and Yoni Sunshine from APEX Capital Realty represented the buyer, and Jamie Rose Maniscalco and Liz Coloma, also from APEX Capital Realty, represented the seller in the transaction.

Players

Jamie Rose Maniscalco
56 deals$195.6M volume
BROKER

Adriano Salucci
APEX Capital Realty
29 deals$121.6M volume(305) 340-3584
BROKER

Yoni Sunshine
APEX Capital Realty
15 deals$38.9M volume(216) 973-9534
BROKER

Liz Coloma
The Alpha Commercial
3 deals$5.8M volume(860) 605-6603
BROKER

Details

SOLD
IMAGE: Liz Coloma, Yoni Sunshine, Adriano Salucci & Jamie Rose Maniscalco DATE: 08/10/2023 ADDRESS: 17175 NE 19th Avenue MARKET: North Miami Beach ASSET TYPE: Multifamily BUYER: Nicki Dehghani SELLER: Nathan Yadgar BUYER'S REP: Adriano Salucci & Yoni Sunshine (@Yonisunshine) - APEX Capital Realty SELLER'S REP: Jamie Rose Maniscalco (@jamie_r0se) (@Land_deals) & Liz Coloma (@Lizzzz22) - APEX Capital Realty (@ApexCapitalRealty) SALE PRICE: $2,025,000 SF: 4,260 ~ PPSF: $475 UNITS: 8 ~ PPU: $253,125

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$108,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,194.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,599.53
Annual Debt Service$115,194.40