Updated Oct 29, 2024
565 Realty LLC Acquires Multifamily Property In Griffing For $2.3M
565 Northeast 121st Street, North Miami, FL, USA
$2,262,000
$245/SF
Building Size
9,206 SF
Asset Type
MultiFamily
Closing
Feb 12, 2020
About this deal
AI
A multifamily property located at 565 NE 121st St in the Griffing market has been sold. The transaction took place on February 13, 2020, with a sale price of $2,262,000. The property spans a total of 9,206 square feet, resulting in a price per square foot of $245. It consists of 14 units, with an average price per unit of $161,571.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,262,000
- Address: 565 NE 121st St
- Market: Griffing
- Square Footage: 9,206
- Price per Square Foot: $245
- Units: 14
- Price per Unit: $161,571
565 Realty LLC acquired the property from Nuova Terra Investments LLC, with Alexis W. Justo representing the seller.
Players
North 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
7.01%
Cash-on-Cash
-2.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93