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17175 NE 19th Ave North Mia...

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

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

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

$2,025,000

$475/SF

Building Size

4,260 SF

Asset Type

MultiFamily

Closing

Aug 10, 2023

AI

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

The Alpha Commercial

Broker

$201.5M

vol

59 deals

Broker

North Miami Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.83%

Cash-on-Cash

-2.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93