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.
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