Updated Dec 21, 2023
Sidney Kahn Acquires 2-4 Family Property In Miami For $3.5M
1801 Northwest 2nd Court, Miami, Florida 33136, United States
$3,500,000
$237/SF
Building Size
14,729 SF
Asset Type
MultiFamily
Closing
Mar 24, 2022
About this deal
AI
The 2-4 Family property located at 1801 NW 2nd CT in Miami, FL has been sold on March 25, 2022. The property spans over an area of 14,729 square feet, with a price per square foot of $237, resulting in a total transaction amount of $3,500,000.
Summary of transation details
- Property Type: 2-4 Family
- Transaction Amount: $3,500,000
- Address: 1801 NW 2nd CT, Miami, FL
- Market: Miami, FL
- Buyer: Sidney Kahn
- Seller: Avrohom Kagan
- Square Footage: 14,729
- Price Per Square Foot: $237
In this transaction, Sidney Kahn acquired the property from Avrohom Kagan. The deal reflects the trust and confidence placed in Kahn as the buyer by Kagan as the seller.
Players
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93