Matthew Rieger Acquires 5& Family Property In Miami For $3.9M
SOLD
$3,875,000
Florida
See Similar DealsMultiFamily3,660 SF
Sold 10/28/2022
SOLD
Matthew Rieger Acquires 5& Family Property In Miami For $3.9M
18790 Northeast 25th Avenue, Miami, Florida 33180, United States
See Similar DealsMultiFamily3,660 SF
Sold 10/28/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$1,058
Total Square Footage:3,660 SF
Transaction Type:Sale
The 5+ Family property located at 18790 NE 25th Ave in Miami, FL has been sold in a transaction that took place on October 28, 2022. The property spans over 3,660 square feet and was sold for a price of $3,875,000, resulting in a price per square foot of $1,058.
Summary of transaction details
- Property Type: 5+ Family
- Transaction Amount: $3,875,000
- Address: 18790 NE 25th Ave, Miami, FL
- Market: Miami, FL
- Buyer: Matthew Rieger
- Seller: Ricardo Leon
- Square Footage: 3,660
- Price per Square Foot: $1,058
Matthew Rieger acted as the buyer in this transaction, while Ricardo Leon served as the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$206,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,767.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,369.48
Annual Debt Service$220,433.72
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