Avisha Kassir Acquires Miami Multifamily Property For $1.675M
37 NW 59th St Miami, FL 33127, USA
$1,675,000
$319/SF
Building Size
5,239 SF
Asset Type
MultiFamily
Closing
Jun 15, 2023
AI
The multi-family property located at 37 Northwest 59th Street in Miami has been sold for a price of $1,675,000. The property consists of 7 units with an average price per unit of $239,286. The total square footage of the property is 5,239, resulting in a price per square foot of $320.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,675,000
- Units: 7
- Price per Unit: $239,286
- Square Footage: 5,239
- Price per Square Foot: $320
- Market: Miami
The buyer of the property was represented by Avisha Kassir from Douglas Elliman, while the seller was represented by Ivan Rabinovich from Keller Williams Eagle Realty.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93