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3626 Northeast 168th Street

F Advance Capital Acquires Multifamily Property In North Miami Beach For $6.75M
SOLDMultiFamily

F Advance Capital Acquires Multifamily Property In North Miami Beach For $6.75M

3626 Northeast 168th Street

$6,750,000

$276/SF

Building Size

24,400 SF

Asset Type

MultiFamily

Closing

Oct 16, 2023

AI

The multifamily property located at 3626 Northeast 168th Street in North Miami Beach has been sold. The transaction took place on October 16, 2023, with a sale price of $6,750,000. The property consists of 30 units with an average price per unit of $225,000. The total square footage of the property is 24,400, resulting in a price per square foot of $277.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,750,000
  • Units: 30
  • Price per Unit: $225,000
  • Square Footage: 24,400
  • Price per Square Foot: $277
  • Address: 3626 Northeast 168th Street, North Miami Beach

F Advance Capital, represented by Demian Perelmuter, served as the buyer in the transaction. The seller was Catalonia Management.

Players

Demian Perelmuter

F Advance Capital

Buyer

$29.9M

vol

4 deals

Buyer
CM
Catalonia ManagementSeller

North Miami Beach 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

2.35%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93