Updated Dec 21, 2023
Manal Oliver Acquires Multifamily Property On NE 69th Street In Miami For $1.85M
560 Northeast 69th Street, Miami, FL 33138
$1,850,000
$351/SF
Building Size
5,262 SF
Asset Type
MultiFamily
Closing
May 5, 2021
About this deal
AI
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.
On the Map
$1,850,000
$351/SF
MultiFamily
View full map
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Tatiana Escobar to view all their deals.
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93