Izhak Wanounou Acquires Miami Multifamily From Gilbert Contreras For $9.4M
SOLD
$9,400,000
+ 2
Florida
See Similar DealsMultiFamily57,568 SF
Sold 05/20/2022
SOLD
Izhak Wanounou Acquires Miami Multifamily From Gilbert Contreras For $9.4M
2900 Northwest 7th Street, Miami, Florida 33126, United States
See Similar DealsMultiFamily57,568 SF
Sold 05/20/2022
+ 2
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$163
Total Square Footage:57,568 SF
Transaction Type:Sale
A multifamily property located at 2900 NW 7th St in Miami has been sold for a total price of $9,400,000. The property consists of 35 units with an average price per unit of $268,571. The total square footage of the property is 57,568, with a price per square foot of $163.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,400,000
- Address: 2900 NW 7th St, Miami
- Market: Miami
The buyer of the property is Izhak Wanounou, while the seller is Gilbert Contreras. Rafael Fermoselle and Sharif Bula from ElevenTrust Real Estate Services represented the buyer, while Mauricio Villasuso and Carlos Fausto Miranda from Fausto Commercial represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$501,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,396.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,560.80
Annual Debt Service$534,729.55
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