Avisha Kassir Acquires Miami Multifamily Property For $1.675M
SOLD
$1,675,000
Florida
See Similar DealsMultiFamily5,239 SF
Sold 06/15/2023
SOLD
Avisha Kassir Acquires Miami Multifamily Property For $1.675M
37 NW 59th St Miami, FL 33127, USA
See Similar DealsMultiFamily5,239 SF
Sold 06/15/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$319
Total Square Footage:5,239 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,950.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,940.35
Annual Debt Service$95,284.25
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