Hassan Whiteside Acquires Coconut Grove Multifamily For $4.75M
2955 Bird Avenue,
$4,750,000
$564/SF
Building Size
8,412 SF
Asset Type
MultiFamily
Closing
Sep 30, 2022
AI
Jill Penman of One Sotheby's International Realty and Ryan Kelly of Douglas Elliman represented the buyer and seller, respectively, in the recent sale of a multifamily property located at 2955 Bird Avenue in Coconut Grove. The property consists of 6 units, with a total area of 8,412 square feet. The sale price for the property was $4,750,000, resulting in a price per unit of $791,667 and a price per square foot of $565.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,750,000
- Units: 6
- Price per Unit: $791,667
- Square Footage: 8,412
- Price per Square Foot: $565
Hassan Whiteside served as the buyer in this transaction, while Joseph Genova acted as the seller. Jill Penman represented the buyer as the broker from One Sotheby's International Realty, and Ryan Kelly represented the seller as the broker from Douglas Elliman.
Players
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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93