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John Seagram Acquires Multifamily In Miami For $1.15M

Property Image
SOLD
$1,150,000
Shlomo Poston
Yaacov Poston

Florida

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MultiFamily3,803 SF
Sold
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Property Image
SOLD

John Seagram Acquires Multifamily In Miami For $1.15M

1843 Northwest 19th Street

See Similar Deals
MultiFamily3,803 SF
Sold
Shlomo Poston
Yaacov Poston
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$302
Total Square Footage:3803 SF
Transaction Type:Sale

The multifamily property located at 1843 Northwest 19th Street in Miami was sold for $1,150,000. The property consists of 6 units with a total square footage of 3,803. The price per unit was $191,667, and the price per square foot was $302. The transaction took place on 05/01/2024.

Summary of transaction details:

Key individuals involved in the deal include John Seagram as the buyer, Jacob Fulop as the seller, and Chesky Itzkowitz from Mid Hudson Capital as the lender. The Real Estate Lab, represented by brokers Yaacov Poston and Shlomo Poston, facilitated the transaction.

Players

Yaacov Poston
The Real Estate Lab
Yaacov Poston
29 deals$62.1M volume
BROKER
Shlomo Poston
The Real Estate Lab
Shlomo Poston
26 deals$62.7M volume
BROKER
Mid Hudson Capital
Mid Hudson Capital
LENDER

Details

SOLD
IMAGE: Chesky Itzkowitz, Yaacov Poston & Shlomo Poston DATE: 05/01/2024 ADDRESS: 1843 Northwest 19th Street MARKET: Miami ASSET TYPE: Multifamily BUYER: John Seagram SELLER: Jacob Fulop BROKERS: Yaacov Poston (@YaacovPo) & Shlomo Poston (@Zalman_sp) - The Real Estate Lab (@TREL.Miami) LENDER: Chesky Itzkowitz - Mid Hudson Capital SALE PRICE: $1,150,000 UNITS: 6 ~ PPU: $191,667 SF: 3,803 ~ PPSF: $302

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$61,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04