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1771 Northwest 21st Street

Aygun Balci Acquires MultiFamily Property In Miami For $1.15M
SOLDMultiFamily

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:

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

Alessandro Lima

Compass

Broker

$105M

vol

28 deals

Broker

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