Sidney Kahn Acquires 2-4 Family Property In Miami For $3.5M
SOLD
$3,500,000
Florida
See Similar DealsMultiFamily14,729 SF
Sold 03/25/2022
SOLD
Sidney Kahn Acquires 2-4 Family Property In Miami For $3.5M
1801 Northwest 2nd Court, Miami, Florida 33136, United States
See Similar DealsMultiFamily14,729 SF
Sold 03/25/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$237
Total Square Footage:14,729 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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