Peter Gardner Acquires Miami Multifamily From Willliam L. Driscoll For $3.7M
3472 Florida Avenue, Miami, Florida 33133, United States
$3,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 24, 2022
AI
A multifamily property located at 3472 Florida Ave, 3485 Grand Ave, 3475 Grand Ave, and 3471 Grand Ave in Miami, FL has been sold for a total price of $3,700,000. The transaction took place on July 25, 2022, with Peter Gardner as the buyer and William L. Driscoll as the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,700,000
- Address: 3472 Florida Ave, 3485 Grand Ave, 3475 Grand Ave & 3471 Grand Ave, Miami, FL
- Market: Miami, FL
Peter Gardner, acting as the buyer, successfully acquired the multifamily property from William L. Driscoll. The purchase price was $3,700,000.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93