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269 Northwest 51st Street, ...

Ilya Melnikov & Stanislav Ivanov Acquire Miami Multifamily For $1.95M
SOLDMultiFamily

Ilya Melnikov & Stanislav Ivanov Acquire Miami Multifamily For $1.95M

269 Northwest 51st Street, Miami, Florida 33127, United States

$1,950,000

$565/SF

Building Size

3,446 SF

Asset Type

MultiFamily

Closing

Jan 24, 2022

AI

Two multifamily properties located at 269 & 271 NW 51st St in Miami have been sold in a recent transaction. The sale was completed on January 25, 2022, and the properties were purchased by Ilya Melnikov and Stanislav Ivanov. The seller, LVR Investments, was represented by Lisset Vazquez. The transaction was facilitated by Evgeny Obraztsov, the buyer's realtor.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,950,000
  • Units: 2
  • Price per Unit: $975,000
  • Square Footage: 3,446
  • Price per Square Foot: $566
  • Address: 269 & 271 NW 51st St, Miami

The buyer, Ilya Melnikov and Stanislav Ivanov, successfully acquired these multifamily properties in Miami. LVR Investments, represented by Lisset Vazquez, acted as the seller in the transaction. Evgeny Obraztsov played a crucial role as the buyer's realtor in facilitating the deal.

Players

Evgeny Obraztsov

Re/Max

Broker

$4M

vol

2 deals

Broker

Lisset Vazquez

Seller

$3.4M

vol

2 deals

Seller

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

8.13%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93