Coulda Beenyou Purchases Multifamily Asset From Ida Mann For $2.5M In Miami
2144 Southwest 6th Street
$2,500,000
$321/SF
Building Size
7,776 SF
Asset Type
MultiFamily
Closing
Dec 23, 2024
AI
The asset involved in this transaction is a multifamily property located at 2144 Southwest 6th Street in Miami. The sale price for the property was $2,500,000, and it boasts a total square footage of 7,776. The price per square foot is $321.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Address: 2144 Southwest 6th Street
- Market: Miami
- Square Footage: 7,776
- Price per Square Foot: $321
- Buyer: Coulda Beenyou
- Seller: Ida Mann
- Broker: Javier A. Ubeda - Compass
The key individuals involved in the deal include the buyer, Coulda Beenyou, and the seller, Ida Mann. Javier A. Ubeda of Compass represented the broker in this transaction. There are indications of multiple similar deals closed recently, including another property in Little Havana.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93