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New Game Holding 2 LLC Acquires Multifamily Building In Miami From OL FE Corp For $2.5M
SOLD
$2,500,000
Florida
See Similar DealsMultiFamily7,556 SF
Sold 05/06/2025
SOLD
New Game Holding 2 LLC Acquires Multifamily Building In Miami From OL FE Corp For $2.5M
2014 Southwest 3rd Street
See Similar DealsMultiFamily7,556 SF
Sold 05/06/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$330
Total Square Footage:7,556 SF
Transaction Type:Sale
A multifamily property located at 2014 Southwest 3rd Street in Miami has been sold. The asset encompasses 9 units and has a total square footage of 7,556 SF. The transaction was finalized at a price of $2,500,000, translating to a price per unit of $277,778 and a price per square foot of $331.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Acres: 0.21
- Units: 9
- Price Per Unit: $277,778
- Square Feet: 7,556
- Price Per Square Foot: $331
- Buyer: New Game Holding 2 LLC
- Seller: OL FE Corp.
- Broker: Alexis Lizama - Coldwell Banker
The deal was brokered by Alexis Lizama from Coldwell Banker, highlighting the involvement of key representatives in the transaction with New Game Holdings 2 LLC purchasing the property from OL FE Corp. This off-market transaction closed without recorded debt.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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