Updated Aug 18, 2026
Philip Stearns Purchases Multifamily Property In Miami From Cindy McNulty For $3,975,000
501 Sw 6th Ct
$3,975,000
$245/SF
Building Size
16,194 SF
Asset Type
MultiFamily
Closing
Sep 28, 2018
About this deal
AI
The property asset involved in this transaction is a MultiFamily type located at 501 Sw 6th Ct in the Miami market. The total square footage of the property is 16,194, and it was sold for $3,975,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,975,000.00
- Address: 501 Sw 6th Ct
- Market: Miami
- Square Footage: 16,194
- Buyer: Philip Stearns
- Seller: Cindy McNulty
- Brokers: Arthur Porosoff, Javier Ubeda
This transaction involved Philip Stearns as the buyer and Cindy McNulty as the seller, with representation provided by brokers Arthur Porosoff and Javier Ubeda, indicating their roles as facilitators in this multi-family asset transaction.
On the Map
$3,975,000
$245/SF
MultiFamily
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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
3.99%
Cash-on-Cash
-1.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93