Aygun Balci Acquires MultiFamily Property In Miami For $1.15M
SOLD
$1,150,000
Florida
See Similar DealsMultiFamily4,269 SF
Sold 03/27/2024
SOLD
Aygun Balci Acquires MultiFamily Property In Miami For $1.15M
1771 Northwest 21st Street
See Similar DealsMultiFamily4,269 SF
Sold 03/27/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$269
Total Square Footage:4,269 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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