Aygun Balci Acquires MultiFamily Property In Miami For $1.15M
1771 Northwest 21st Street
$1,150,000
$269/SF
Building Size
4,269 SF
Asset Type
MultiFamily
Closing
Mar 27, 2024
AI
The property at 1771 Northwest 21st Street in Miami, a MultiFamily asset, was sold for $1,150,000. The property spans 4,269 square feet, resulting in a price per square foot of $269.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $1,150,000
- Buyer: Aygun Balci
- Seller: Wanda Currea
- Brokers: Alessandro Lima, Carlos Fausto Miranda & Rey Moya - Fausto Commercial Realty Consultants
Alessandro Lima, Carlos Fausto Miranda, and Rey Moya from Fausto Commercial Realty Consultants facilitated the transaction, representing the buyer and seller in the deal.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93