John Seagram Acquires Multifamily In Miami For $1.15M
1843 Northwest 19th Street
$1,150,000
$302/SF
Building Size
3,803 SF
Asset Type
MultiFamily
Closing
May 1, 2024
AI
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:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Buyer: John Seagram
- Seller: Jacob Fulop
- Brokers: Yaacov Poston & Shlomo Poston - The Real Estate Lab
- Lender: Chesky Itzkowitz - Mid Hudson Capital
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
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93