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Danielle El-Naffy Acquires Multifamily In Miami For $1.9M

Property Image
SOLD
$1,920,250
Virgilio Fernandez
MZ

Florida

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MultiFamily3,700 SF
Sold 02/24/2022
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Property Image
SOLD

Danielle El-Naffy Acquires Multifamily In Miami For $1.9M

421 Northeast 73rd Street, Miami, Florida 33138, United States

See Similar Deals
MultiFamily3,700 SF
Sold 02/24/2022
Virgilio Fernandez
MZ
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$519
Total Square Footage:3,700 SF
Transaction Type:Sale

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

Virgilio Fernandez
Cushman & Wakefield
Virgilio Fernandez
42 deals$222.9M volume(305) 613-4507
BROKER
MZ
Mike Zikri
3 deals$7.3M volume
SELLER

Details

SOLD
IMAGE: Virgilio Fernandez DATE: 02/24/2022 ADDRESS: 421 NE 73rd St MARKET: Miami ASSET TYPE: Multifamily BUYER: Danielle El-Naffy SELLER: Mike Zikri BROKER: Virgilio Fernandez (@Vboundless) - Colliers SALE PRICE: $1,920,250 UNITS: 7 ~ PPU: $274,321 SF: 3,700 ~ PPSF: $519 NOTE FROM BROKER: Colliers is pleased to announce the sale of 421 NE 73 Street, Miami. The property features 7 units, five of which were studios. The property is located in the Upper East Side North submarket. Colliers was able to assist their client in reaching record pricing for their asset.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$6,822.25
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