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1843 NW 19th St, Allapattah...

David Kimmel Acquires Allapattah Multifamily For $674.9K With The Real Estate Lab's Yaacov & Shlomo Poston
SOLDMultiFamily

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

Yaacov Poston

The Real Estate Lab

Broker

$62.1M

vol

29 deals

Broker

David Kimmel

Buyer

$2.8M

vol

2 deals

Buyer

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