Luis G. Marte & Dolores Garcia Acquire MultiFamily Property In Miami For $1.05M
SOLD
$1,050,000
+ 2
Florida
See Similar DealsMultiFamily1,435 SF
Sold
SOLD
Luis G. Marte & Dolores Garcia Acquire MultiFamily Property In Miami For $1.05M
5010 NW 2nd St Miami, FL 33126, USA
See Similar DealsMultiFamily1,435 SF
Sold
+ 2
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$731
Total Square Footage:1435 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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