Updated Oct 28, 2024
Eco Airport View Apartments LLC Acquires Multifamily Property In Miami For $4M
4271 NW South Tamiami Canal Dr, Miami, FL, USA
$4,000,000
$264/SF
Building Size
15,144 SF
Asset Type
MultiFamily
Closing
Aug 19, 2021
About this deal
AI
The multifamily property located at 4271 NW South Tamiami Canal Dr in Miami has been sold in a recent transaction. The property spans a total area of 15,144 square feet and was sold for a price of $4,000,000, resulting in a price per square foot of $264.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Square Footage: 15,144
- Price Per Square Foot: $264
- Address: 4271 NW South Tamiami Canal Dr, Miami
The buyer in this transaction is Eco Airport View Apartments LLC, while the seller is Robert R. Adams.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93