David Kimmel Acquires Allapattah Multifamily For $674.9K With The Real Estate Lab's Yaacov & Shlomo Poston
1843 NW 19th St, Allapattah, Miami, FL, USA
$674,900
$180/SF
Building Size
3,731 SF
Asset Type
MultiFamily
Closing
Nov 1, 2021
AI
The multifamily property located at 1843 NW 19th St in Allapattah has recently been sold. The transaction took place on November 2, 2021. The property, consisting of 6 units, spans an area of 3,731 square feet. It was sold at a price of $674,900, resulting in a price per unit of approximately $112,483. The price per square foot was approximately $181.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $674,900
- Address: 1843 NW 19th St
- Market: Allapattah
- Units: 6
- Price per Unit: $112,483
- Square Footage: 3,731
- Price per Square Foot: $181
The buyer in this transaction was David Kimmel, while Emilio Garcia acted as the seller. The deal was facilitated by brokers Yaacov Poston and Shlomo Poston, who represented the parties involved through The Real Estate Lab.
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
23.50%
Cash-on-Cash
-6.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93