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415 Nw 9th Street

Thomas Neary Purchases Multifamily Property At 415 Nw 9th Street Miami For $11.75M
SOLDMultiFamily

Thomas Neary Purchases Multifamily Property At 415 Nw 9th Street Miami For $11.75M

415 Nw 9th Street

$11,750,000

$223/SF

Building Size

52,559 SF

Asset Type

MultiFamily

Closing

Aug 24, 2021

AI

The property involved in this transaction is a multi-family asset located at 415 Nw 9th Street in Miami. The total square footage of the property is 52,559, and it was sold for $11,750,000.00.

Summary of transaction details:

The deal featured Thomas Neary as the buyer, while Ken Arnold, Jon Arnold, and Alex Moskowitz acted as the sellers in this transaction. The brokers representing the deal were Arthur Porosoff, David Cohen, and Joseph Phelps from Horvath & Tremblay.

Players

David Cohen

Horvath & Tremblay

Broker

$67.3M

vol

10 deals

Broker
Thomas Neary

Thomas Neary

Buyer

$207M

vol

13 deals

Buyer

Ken Arnold

Seller

$11.8M

vol

1 deal

Seller

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

1.35%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93