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

Property Image
SOLD
$1,350,000
Paola Mejia
Pablo Gomez
Brett Eaglstein
+ 3

Florida

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MultiFamily4,860 SF
Sold 08/12/2022
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
MultiFamily4,860 SF
Sold 08/12/2022
Paola Mejia
Pablo Gomez
Brett Eaglstein
+ 3
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$277
Total Square Footage:4,860 SF
Transaction Type:Sale

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
Brett Eaglstein
21 deals$154.9M volume
BROKER
Pablo Gomez
Lifestyle International Realty
Pablo Gomez
3 deals$4.8M volume
BROKER
Paola Mejia
Lifestyle International Realty
Paola Mejia
1 deal$1.4M volume
BROKER
AH
Anthony Harris
2 deals$1.4M volume
BUYER
LH
Lindi Harris
2 deals$1.4M volume
BUYER
CE
Carlos Escotet
2 deals$1.4M volume
SELLER

Details

SOLD
IMAGE: Brett Eaglstein, Pablo Gomez & Paola Mejia DATE: 08/12/2022 ADDRESS: 3411 NW Flagler Terrace MARKET: Miami ASSET TYPE: Multifamily BUYER: Anthony & Lindi Harris SELLER: Carlos Escotet BROKER: Pablo Gomez, CDRE (@TheGomezGrp), Paola Mejia (@Paolaam) - Lifestyle International Realty (@LifestyleInternationalRealty); Brett Eaglstein (@BrettEaglstein) - Carroll Group (@TheCarrollGroup) - Compass (@Compass) SALE PRICE: $1,350,000 UNITS: 4 ~ PPU: $337,500 SF: 4,860 ~ PPSF: $278

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
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