Matthew Rieger Acquires 5& Family Property In Miami For $3.9M
18790 Northeast 25th Avenue, Miami, Florida 33180, United States
$3,875,000
$1,058/SF
Building Size
3,660 SF
Asset Type
MultiFamily
Closing
Oct 27, 2022
AI
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.
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
4.09%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93