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2754 Northwest 191st Terrac...

One Real Estate Partners Acquires Miami Gardens Multifamily For $8.6M
SOLDMultiFamily

One Real Estate Partners Acquires Miami Gardens Multifamily For $8.6M

2754 Northwest 191st Terrace, Miami Gardens, FL, USA

$8,600,000

$1,720/SF

Building Size

5,000 SF

Asset Type

MultiFamily

Closing

Jan 18, 2021

AI

A multifamily property located at 2754-2790 Northwest 191st Terrace in Miami Gardens has been sold for $8,600,000. The property consists of 30 units with a price per unit of $286,667. The transaction took place on January 19, 2021. The buyers, One Real Estate Partners represented by Abraham Cherem and Alexis Elias, acquired the property from the sellers, Carlos and Oscar Rodriguez. The deal was facilitated by brokers Carlos M. Cain and Ryan Nee from Marcus & Millichap.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,600,000
  • Address: 2754-2790 Northwest 191st Terrace, Miami Gardens
  • Units: 30
  • Price per Unit: $286,667

Abraham Cherem and Alexis Elias of One Real Estate Partners were the buyers in this transaction. They represented the buyer's interests throughout the deal. On the other side, Carlos and Oscar Rodriguez were the sellers. Carlos M. Cain and Ryan Nee from Marcus & Millichap played a crucial role as brokers, facilitating the successful sale of the property.

Players

Ryan Nee

Marcus & Millichap

Broker

$384.6M

vol

21 deals

Broker

Abraham Cherem

Buyer

$12.8M

vol

2 deals

Buyer
Oscar Rodriguez

Oscar Rodriguez

Seller

$172.1M

vol

6 deals

Seller

Miami Gardens 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

1.84%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93