Danielle El-Naffy Acquires Multifamily In Miami For $1.9M
421 Northeast 73rd Street, Miami, Florida 33138, United States
$1,920,250
$519/SF
Building Size
3,700 SF
Asset Type
MultiFamily
Closing
Feb 23, 2022
AI
The multifamily property located at 421 NE 73rd St in Miami has been sold for a price of $1,920,250. The property consists of 7 units with a total square footage of 3,700. The sale price per unit is $274,321, and the price per square foot is $519. The property is situated in the Upper East Side North submarket.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,920,250
- Address: 421 NE 73rd St
- Market: Miami
The buyer of the property is Danielle El-Naffy, while the seller is Mike Zikri. The broker involved in the transaction is Virgilio Fernandez from Colliers. Colliers played a crucial role in helping their client achieve record pricing for the asset.
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
8.26%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93