Updated Sep 5, 2024
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
About this deal
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.
On the Map
$16,000,000
$550/SF
MultiFamily
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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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93