facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

5010 NW 2nd St Miami, FL 33...

Luis G. Marte & Dolores Garcia Acquire MultiFamily Property In Miami For $1.05M
SOLDMultiFamily

Luis G. Marte & Dolores Garcia Acquire MultiFamily Property In Miami For $1.05M

5010 NW 2nd St Miami, FL 33126, USA

$1,050,000

$731/SF

Building Size

1,435 SF

Asset Type

MultiFamily

Closing

Aug 7, 2023

AI

Located at 5010 NW 2nd St in Miami, this multi-family property was recently sold in an off-market transaction. The property consists of 4 units, with a total square footage of 1,435. The sale price for this property was $1,050,000, with a price per unit of $262,500 and a price per square foot of $732.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $1,050,000
  • Units: 4
  • Price per Unit: $262,500
  • Square Footage: 1,435
  • Price per Square Foot: $732
  • Market: Miami

The buyers in this transaction were Luis G. Marte and Dolores Garcia, while the sellers were Shai Yitzhaki and Guy Goldberg. The Real Estate Lab, represented by Uri Redler, Shlomo Poston, and Yaacov Poston, acted as the brokers in this deal.

Note from the brokers: This was an off-market sale with a record-breaking price of over $730 per square foot.

Players

Yaacov Poston

The Real Estate Lab

Broker

$62.1M

vol

29 deals

Broker
Guy Goldberg

Guy Goldberg

Seller

$51.3M

vol

9 deals

Seller

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93