Uovo Purchases Miami Property At 328 NW 29th St For $11.5 Million With Devlin Marinoff As Seller's Rep
SOLD
$11,500,000
Florida
See Similar DealsMultiFamily21,000 SF
Sold 02/28/2022
SOLD
Uovo Purchases Miami Property At 328 NW 29th St For $11.5 Million With Devlin Marinoff As Seller's Rep
328 NW 29th St, Miami, FL, 33127
See Similar DealsMultiFamily21,000 SF
Sold 02/28/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$547
Total Square Footage:21,000 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 328 NW 29th St, Miami, FL, 33127. The deal was completed for a price of $11,500,000.00 and encompasses a total square footage of 21,000 in the Miami market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $11,500,000.00
- Address: 328 NW 29th St, Miami, FL, 33127
- Market: Miami
- Seller's Representative: Devlin Marinoff - DWNTWN Realty Advisors
- Buyer: Uovo
- Square Footage: 21,000
In this transaction, Devlin Marinoff from DWNTWN Realty Advisors represented the seller, while Uovo acted as the buyer. Their roles were integral to the completion of this property sale in the competitive Miami market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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