Updated Dec 21, 2023
Carol Gardner Acquires Multifamily Property In Miami, FL For $2.19M
5821 Northwest 7th Avenue, Miami, Florida 33127, United States
$2,190,396
$21/SF
Building Size
103,782 SF
Asset Type
MultiFamily
Closing
Sep 29, 2022
About this deal
AI
The multifamily property located at 5821 NW 7th Ave in Miami, FL has been sold. The transaction took place on September 30, 2022. The property spans a total of 103,782 square feet. The sale price for this asset was $2,190,396, resulting in a price per square foot of $21.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,190,396
- Address: 5821 NW 7th Ave, Miami, FL
- Market: Miami, FL
Carol Gardner acted as the buyer in this transaction, while Deborah Edwards was the seller.
Players
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
7.24%
Cash-on-Cash
-2.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93