Updated Dec 4, 2024
Dabir Avinash & Verma Nisha Acquire Multifamily Property In Miami, FL For $2.5M
3240 Day Avenue, Miami, Florida 33133, United States
$2,500,000
$1,524/SF
Building Size
1,640 SF
Asset Type
MultiFamily
Closing
Aug 21, 2022
About this deal
AI
The multifamily property located at 3240 Day Ave in Miami, FL was recently sold. The transaction took place on 08/22/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Square Footage: 1,640
- Price per Square Foot: $1,524
- Address: 3240 Day Ave, Miami, FL
The buyers in this transaction were Dabir Avinash and Verma Nisha. On the other hand, Juan M. Echeverri acted as the seller.
The multifamily sale at 3240 Day Avenue, Miami, Florida 33133, United States in Miami, Florida sold for $2.5M in 2022. The building is 1,640 square feet, implying about 1.5K per square foot on the published price. This page is the Miami, Florida file for the 3240 Day Avenue, Miami, Florida 33133, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Miami sit in the Market section below. Filter that Miami multifamily set by closing date to see what else sold near 3240 Day Avenue, Miami, Florida 33133, United States around 2022. Published consideration for 3240 Day Avenue, Miami, Florida 33133, United States is $2.5M, dated 2022. Cite this Dabir Avinash & Verma Nisha Acquire Multifamily Property In Miami, FL For $2.5M sale when underwriting similar multifamily product around Miami, Florida.
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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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93