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
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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