Updated Dec 19, 2023
Ryan Moreno Acquires Multifamily Property In Miami, FL For $2.3M
1829 Northwest 2nd Court, Miami, Florida 33136, United States
$2,300,000
$281/SF
Building Size
8,178 SF
Asset Type
MultiFamily
Closing
Jun 2, 2022
About this deal
AI
The multifamily property located at 1829 NW 2nd CT in Miami, FL has been sold in a transaction that took place on 06/03/2022. The property spans across 8,178 square feet and was sold for a total price of $2,300,000, resulting in a price per square foot of $289.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
The buyer of the property is Ryan Moreno, while Mayer Toporowitz is the seller.
The multifamily sale at 1829 Northwest 2nd Court, Miami, Florida 33136, United States in Miami, Florida sold for $2.3M in 2022. The building is 8,178 square feet, implying about 281 per square foot on the published price. This page is the Miami, Florida file for the 1829 Northwest 2nd Court, Miami, Florida 33136, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Miami sit in the Market section below. Filter that Miami multifamily set by closing date to see what else sold near 1829 Northwest 2nd Court, Miami, Florida 33136, United States around 2022. Published consideration for 1829 Northwest 2nd Court, Miami, Florida 33136, United States is $2.3M, dated 2022. Cite this Ryan Moreno Acquires Multifamily Property In Miami, FL For $2.3M sale when underwriting similar multifamily product around Miami, Florida.
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Miami MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93