Updated Sep 5, 2024
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
About this deal
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.
On the Map
$1,675,000
$319/SF
MultiFamily
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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