Izhak Wanounou Acquires Miami Multifamily From Gilbert Contreras For $9.4M
2900 Northwest 7th Street, Miami, Florida 33126, United States
$9,400,000
$163/SF
Building Size
57,568 SF
Asset Type
MultiFamily
Closing
May 19, 2022
AI
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.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93