Updated Dec 21, 2023
Aria Luxe Realty Brokers $6M Multifamily Sale In Coconut Grove
3376 Perry Frow Drive, Miami, Florida 33133, United States
$6,000,000
$750/SF
Building Size
8,000 SF
Asset Type
MultiFamily
Closing
Oct 3, 2021
About this deal
AI
The multifamily property located at 3374 A/B - 3376 A/B Perry Frow Drive in Coconut Grove has been sold for $6,000,000. The property consists of 4 units, with each unit valued at approximately $1,500,000. The total square footage of the property is 8,000, resulting in a price per square foot of $750.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Units: 4
- Price per Unit: $1,500,000
- Square Footage: 8,000
- Price per Square Foot: $750
- Address: 3374 A/B - 3376 A/B Perry Frow Drive, Coconut Grove
Evelyn Mackenzie & Steven Hart from Aria Luxe Realty represented the buyer and seller in this transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93