Updated Dec 4, 2024
Carolina Gentina Acquires 4-Unit Multifamily In Miami For $1.34M
423 NE 71 St
$1,340,000
$512/SF
Building Size
2,613 SF
Asset Type
MultiFamily
Closing
May 16, 2024
About this deal
AI
The multifamily property located at 423 Northeast 71 Street in Miami has been successfully sold. The property consists of 4 units spanning a total of 2,613 square feet, resulting in a price per square foot of $513. The transaction was finalized on 05/16/2024, with a sale price of $1,340,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,340,000
- Units: 4
- Price Per Unit: $335,000
- Square Footage: 2,613
- Price Per Square Foot: $513
- Address: 423 Northeast 71 Street, Miami
The buyer of the property was Carolina Gentiana, while the seller was Mike Zikri. The seller was represented by Demian Pack from Dezer Platinum Realty.
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
11.84%
Cash-on-Cash
-3.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93