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423 NE 71 St

Carolina Gentina Acquires 4-Unit Multifamily In Miami For $1.34M
SOLDMultiFamily

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

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.

Players

Demian Pack

Dezer Platinum Realty

Broker

$10.7M

vol

3 deals

Broker

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