Updated Sep 9, 2024
Michael Abadi Acquires Multifamily Property In Wynwood, Miami For $1.28M
1745 Northwest 1st Place
$1,280,000
$201/SF
Building Size
6,360 SF
Asset Type
MultiFamily
Closing
May 16, 2022
About this deal
AI
The multifamily property located at 1745 NW 1st Pl in Wynwood, Miami has been sold in a transaction closed on 05/16/2022. The property consists of 10 units with a total square footage of 6,360. The sale price for this property was $1,280,000, resulting in a price per unit of $128,000 and a price per square foot of $201.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,280,000
- Units: 10
- Price per Unit: $128,000
- Square Footage: 6,360
- Price per Square Foot: $201
- Address: 1745 NW 1st Pl, Wynwood, Miami
The buyer of this property is Micheal Abadi and the seller is Mauro N Viera Galain. The deal was handled by Bryan Ozuna and Karen Gomez of Real Estate Sales Force (RESF) who represented the respective parties in the transaction.
On the Map
$1,280,000
$201/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93