Ricardo Ratia Acquires Multifamily Property In Miami For $7M
2260 Northwest North River Drive, Miami, Florida 33125, United States
$7,000,000
$160/SF
Building Size
43,560 SF
Asset Type
MultiFamily
Closing
Aug 30, 2022
AI
The multifamily property located at 2260 & 2222 Northwest North River Drive in Miami has been sold for a price of $7,000,000. Spanning over one acre, the property consists of three buildings and offers 15 private marinas. The transaction took place on 08/31/2022 and was completed by buyer Ricardo Ratia and seller Bobby Goldberg. The deal was facilitated by brokers Alessandra Bavetta from ISG World and Tomas Sulichin from RelatedISG Realty.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Market: Miami
- Square Footage: 43,560
- Price Per Square Foot: $161
- Buyer: Ricardo Ratia
- Seller: Bobby Goldberg
- Brokers: Alessandra Bavetta - ISG World, Tomas Sulichin - RelatedISG Realty
This sale marks the sixth property sold in Miami River within the past year for Tomas Sulichin. The property was listed and sold within a record time of one week, with zero days on the market.
Players
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93