Michael Abadi Acquires Multifamily Property In Wynwood, Miami For $1.28M
SOLD
$1,280,000
Florida
See Similar DealsMultiFamily6,360 SF
Sold 05/16/2022
SOLD
Michael Abadi Acquires Multifamily Property In Wynwood, Miami For $1.28M
1745 Northwest 1st Place
See Similar DealsMultiFamily6,360 SF
Sold 05/16/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$201
Total Square Footage:6,360 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$68,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,547.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,067.85
Annual Debt Service$72,814.24
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