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37 NW 59th St Miami, FL 331...

Avisha Kassir Acquires Miami Multifamily Property For $1.675M
SOLDMultiFamily

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

Avisha Kassir

Douglas Elliman

Broker

$14.6M

vol

3 deals

Broker

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