Updated Dec 18, 2023
Marcus & Millichap Facilitates $1.92M Sale Of Multifamily Property In Miami
3215 Northwest 48th Street, Miami, Florida 33142, United States
$1,920,000
Units
12
Asset Type
MultiFamily
Closing
Jul 4, 2022
About this deal
AI
The multiamily property located at 3215, 3225, and 3235 NW 48th Street in Miami was sold for a total of $1,920,000. The property consists of 12 units, making the price per unit $160,000. The transaction was facilitated by Evan Kristol and Felipe Echarte from Marcus & Millichap.
Summary of transaction details
- Property Type: Multiamily
- Transaction Amount: $1,920,000
- Units: 12
- Price per Unit: $160,000
- Address: 3215, 3225 & 3235 NW 48th Street
- Market: Miami
- Brokers: Evan Kristol & Felipe Echarte - Marcus & Millichap
The deal marks a successful transaction in the Miami market, showcasing the expertise and professionalism of Evan Kristol and Felipe Echarte from Marcus & Millichap. Their expertise played a crucial role in negotiating and closing the sale of this multiamily property.
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
8.26%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93