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.
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