Updated Oct 29, 2024
Orel Kogman's West Eleventh Residences Sells Miami MultiFamily For $7.4M
18 Northwest 11th Street
$7,380,936
$1,025/SF
Building Size
7,200 SF
Asset Type
MultiFamily
Closing
May 25, 2023
About this deal
AI
The multi-family property located at 18 Northwest 11th Street in Miami has been sold for a total price of $7,380,936. This transaction was facilitated by Orel Kogman, the representative of West Eleventh Residences. The property consists of 13 units, with a price per unit (PPU) of $567,764. The total square footage of the property is 7,200, with a price per square foot (PPSF) of $1,025.
Summary of transaction details
- Property Type: MultiFamily
- Sale Price: $7,380,936
- Units: 13
- Price per Unit (PPU): $567,764
- Square Footage: 7,200
- Price per Square Foot (PPSF): $1,025
Orel Kogman, representing West Eleventh Residences, played a key role in the successful sale of this multi-family property in Miami. The transaction highlights the demand and market value of real estate in this area.
Players
Market 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
2.15%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93