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560 Northeast 69th Street, ...

Manal Oliver Acquires Multifamily Property On NE 69th Street In Miami For $1.85M
SOLDMultiFamily

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

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.

Players

Miguel Pinto

APEX Capital Realty

Broker

$330.5M

vol

50 deals

Broker

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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93