Bryan Benhamou & Brigitte Lina Sell Miami Multifamily For $1.7M
SOLD
$1,700,000
Florida
See Similar DealsMultiFamily4,600 SF
Sold 06/01/2021
SOLD
Bryan Benhamou & Brigitte Lina Sell Miami Multifamily For $1.7M
536 Northeast 62nd Street, Miami, FL, USA
See Similar DealsMultiFamily4,600 SF
Sold 06/01/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$369
Total Square Footage:4,600 SF
Transaction Type:Sale
A multifamily property located at 536 NE 62nd St in Miami has been sold for $1,700,000. The property consists of 8 units, with a price per unit of $212,500.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Address: 536 NE 62nd St
- Market: Miami
The sale of this property was facilitated by Bryan Benhamou & Brigitte Lina, representing the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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