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18 Northwest 11th Street

Updated Oct 29, 2024

Orel Kogman's West Eleventh Residences Sells Miami MultiFamily For $7.4M
SOLDMultiFamily

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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Deal FAQ

About $1K per square foot on a published $7.4M for 7,200 square feet (2023).

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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

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