Manal Oliver Acquires Multifamily Property On NE 69th Street In Miami For $1.85M
SOLD
$1,850,000
Florida
See Similar DealsMultiFamily5,262 SF
Sold 05/06/2021
SOLD
Manal Oliver Acquires Multifamily Property On NE 69th Street In Miami For $1.85M
560 Northeast 69th Street, Miami, FL 33138
See Similar DealsMultiFamily5,262 SF
Sold 05/06/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$351
Total Square Footage:5,262 SF
Transaction Type:Sale
A multifamily property located at 560-570 NE 69th Street in Miami has been sold in a recent transaction. The property is zoned as T5 O and comprises 9 units with a total square footage of 5,262. The sale price was $1,850,000, resulting in a price per unit of $205,556 and a price per square foot of $351. The lot size for the property is 13,560 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Address: 560-570 NE 69th Street
- Market: Miami
- Zoning: T5 O
- Units: 9
- Square Footage: 5,262
- Price per Unit: $205,556
- Price per Square Foot: $351
- Lot Size: 13,560 SF
The buyer in this transaction is Manal Oliver, while the seller is Alex Leiter. The buyer was represented by Tatiana Escobar of pexCapitalRealty, and the seller was represented by Miguel Pinto and Adriano Salucci, also of pexCapitalRealty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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