David Kimmel Acquires Allapattah Multifamily For $674.9K With The Real Estate Lab's Yaacov & Shlomo Poston
SOLD
$674,900
Florida
See Similar DealsMultiFamily3,731 SF
Sold 11/02/2021
SOLD
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
See Similar DealsMultiFamily3,731 SF
Sold 11/02/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$180
Total Square Footage:3,731 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$35,994.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,397.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,199.37
Annual Debt Service$38,392.44
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