Micheal Abadi Purchases 10-Unit Multifamily In Wynwood, Miami For $1.28M
1745 Northwest 1st Place, Miami, Florida 33136, United States
$1,280,000
$201/SF
Building Size
6,360 SF
Asset Type
MultiFamily
Closing
May 15, 2022
AI
An multifamily property located at 1745 NW 1st Pl in Wynwood, Miami has been sold for $1,280,000. The property consists of 10 units with a price per unit of $128,000. It spans across 6,360 square feet with a price per square foot of $201.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,280,000
- Address: 1745 NW 1st Pl, Wynwood, Miami
- Market: Wynwood, Miami
- Buyer: Micheal Abadi
- Seller: Mauro N Viera Galain
- Brokers: Bryan Ozuna & Karen Gomez - Real Estate Sales Force (RESF)
The sale of the property was facilitated by Bryan Ozuna and Karen Gomez from Real Estate Sales Force (RESF). They represented the buyer and seller respectively in this transaction.
Players
Miami 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
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93