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:
- Property Type: MultiFamily
- Transaction Amount: $11,750,000.00
- Address: 415 Nw 9th Street
- Market: Miami
- Asset Square Footage: 52,559
- Buyer: Thomas Neary
- Seller: Ken Arnold, Jon Arnold, and Alex Moskowitz
- Brokers: Arthur Porosoff, David Cohen (Horvath & Tremblay), Joseph Phelps (Horvath & Tremblay)
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
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