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3258 Bird Ave Miami, FL 331...

Sotheby's International Realty Represents Buyer And Seller In $16M Multifamily Sale On Bird Avenue, Miami
SOLDMultiFamily

Sotheby's International Realty Represents Buyer And Seller In $16M Multifamily Sale On Bird Avenue, Miami

3258 Bird Ave Miami, FL 33133, USA

$16,000,000

$550/SF

Building Size

29,076 SF

Asset Type

MultiFamily

Closing

Jun 30, 2023

AI

Located at 3258 Bird Avenue in Miami, this multifamily property was recently sold in a closed transaction. The property spans across 29,076 square feet and was sold for a total price of $16,000,000, resulting in a price per square foot of $550. The transaction took place on June 30, 2023.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $16,000,000
  • Square Footage: 29,076
  • Price Per Square Foot: $550
  • Market: Miami

The buyer was represented by Reid Heidenry and Marko Gojanovic from Sotheby's International Realty, while the seller was represented by Karen Elmir and Martin Elortegui, also from Sotheby's International Realty.

Players

Karen Elmir

Sotheby's International Realty

Broker

$64.9M

vol

12 deals

Broker

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

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93