Related ISG Realty Represents Ricardo Ratia In $7M Purchase Of Miami Multifamily Property
2222 Northwest North River Drive
$7,000,000
$318/SF
Building Size
22,000 SF
Asset Type
MultiFamily
Closing
Sep 1, 2022
AI
Located at 2222 NW N River Dr in Miami, this multifamily property was recently sold in a closed transaction for a price of $7,000,000. The property consists of 21 units, with an average price per unit of $333,333. The total square footage of the property is 22,000, resulting in a price per square foot of $318.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Units: 21
- Price per Unit: $333,333
- Square Footage: 22,000
- Price per Square Foot: $318
- Address: 2222 NW N River Dr, Miami
Ricardo Ratia was the buyer of this property, while the sellers were Francisco Rodriguez Melo and Robert Goldberg. Representing the buyer was Thomas Sulichin from Related ISG Realty.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93