Updated Oct 29, 2024
Creek Club Apartments Inc Acquires 16-Unit Multifamily Property In Miami For $2.4M
5805 Nw 7 Pl
$2,400,000
$257/SF
Building Size
9,331 SF
Asset Type
MultiFamily
Closing
Mar 23, 2023
About this deal
AI
Creek Club Apartments Inc has acquired a multifamily property located at 5805 NW 7 Pl in Miami. The property consists of 16 units with a total area of 9,331 square feet. The sale price for this transaction was $2,400,000, resulting in a price per unit of $150,000 and a price per square foot of $257.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $2,400,000
- Units: 16
- Price Per Unit: $150,000
- Square Feet: 9,331
- Price Per Square Foot: $257
- Address: 5805 NW 7 Pl, Miami
The sale was facilitated by Kristine Flook and Janet Crucet from Urbanize Properties, who represented both the buyer, Creek Club Apartments Inc, and the seller, Mark Shub.
Players
Market 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93