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1795�ne�116th Rd

Vivian Williams Purchases North Miami Multifamily Property From Vivek Iyengar For $3,550,000
SOLDMultiFamily

Vivian Williams Purchases North Miami Multifamily Property From Vivek Iyengar For $3,550,000

1795�ne�116th Rd

$3,550,000

$268/SF

Building Size

13,202 SF

Asset Type

MultiFamily

Closing

Dec 2, 2015

AI

The property asset involved in this transaction is a MultiFamily residence located at 1795 Ne 116th Rd in North Miami. The property encompasses a total square footage of 13,202 and was sold for a price of $3,550,000.00.

Summary of transaction details:

Vivian Williams acted as the buyer in this transaction, while Vivek Iyengar served as the seller. Arthur Porosoff represented the buyer in this deal, facilitating the transaction between these parties.

Players

Arthur Porosoff

Broker
Broker

Vivian Williams

Buyer

$3M

vol

1 deal

Buyer

Vivek Iyengar

Seller
Seller

North 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

4.47%

Cash-on-Cash

-1.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93