Updated Oct 28, 2024
32nd Street Apartments LLC Acquires Multifamily Property In Miami For $5.95M
242 NE 32nd St, Miami, FL, USA
$5,950,000
$984/SF
Building Size
6,046 SF
Asset Type
MultiFamily
Closing
Jul 20, 2021
About this deal
AI
The multifamily property located at 242 NE 32nd St in Miami has been sold in a recent transaction. The property spans across 6,046 square feet and was sold for a price of $5,950,000, resulting in a price per square foot of $984.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,950,000
- Square Footage: 6,046
- Price per Square Foot: $984
- Address: 242 NE 32nd St
- Market: Miami
The buyer of this property is 32nd Street Apartments LLC, while the seller is Jose L. & Gustavo J. Sperman. The transaction highlights the involvement of these individuals and companies in the deal.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.67%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93