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3411 Northwest Flagler Terr...

Anthony & Lindi Harris Acquire Multifamily Property In Miami From Carlos Escotet For $1.35M
SOLDMultiFamily

Anthony & Lindi Harris Acquire Multifamily Property In Miami From Carlos Escotet For $1.35M

3411 Northwest Flagler Terrace, Miami, Florida 33125, United States

$1,350,000

$277/SF

Building Size

4,860 SF

Asset Type

MultiFamily

Closing

Aug 11, 2022

AI

The multifamily property located at 3411 NW Flagler Terrace in Miami has been sold for a price of $1,350,000. The property consists of four units, with each unit having a price per unit (PPU) of $337,500. The total square footage of the property is 4,860, resulting in a price per square foot (PPSF) of $278.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Address: 3411 NW Flagler Terrace
  • Market: Miami
  • Units: 4
  • PPU: $337,500
  • Square Footage: 4,860
  • PPSF: $278

The buyer in this transaction is Anthony & Lindi Harris, while the seller is Carlos Escotet. The deal was facilitated by brokers Pablo Gomez, CDRE, and Paola Mejia from Lifestyle International Realty, as well as Brett Eaglstein from Carroll Group - Compass.

Players

Brett Eaglstein

Compass

Broker

$154.9M

vol

21 deals

Broker

Anthony Harris

Buyer

$1.4M

vol

2 deals

Buyer

Carlos Escotet

Seller

$1.4M

vol

2 deals

Seller

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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93