Alejandro Gershanik Of BM2 Realty Represents Buyer In Miami Multifamily Sale For $4,146,000
420 Nw 10th St
$4,146,000
$228/SF
Building Size
18,156 SF
Asset Type
MultiFamily
Closing
Oct 10, 2019
AI
The asset involved in this transaction is a MultiFamily property located at 420 Nw 10th St, Miami. The property encompasses a total square footage of 18,156 and was sold for $4,146,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,146,000.00
- Address: 420 Nw 10th St
- Market: Miami
- Asset Size: 18,156 SF
- Buyer: Alejandro Gershanik
- Seller: Fausto Callava
- Brokers: Arthur Porosoff, Alejandro Gershanik (BM2 Realty)
This transaction featured Alejandro Gershanik as the buyer, who is also among the brokers representing the deal. The seller, Fausto Callava, concluded this sale with the assistance of the brokerage team from BM2 Realty, comprising Arthur Porosoff and Alejandro Gershanik.
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
3.83%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93