Updated Dec 21, 2023
Betsy Arcia Acquires Miramar Multifamily For $4.23M - Alec Demetriou, Joseph Thomas & Adam Duncan - Marcus & Millichap
6224 Miramar Parkway, Miramar, Florida 33023, United States
$4,230,000
$538/SF
Building Size
7,859 SF
Asset Type
MultiFamily
Closing
Apr 28, 2022
About this deal
AI
The multifamily property located at 6224 Miramar Parkway and 7221 Venetian Street in Miramar was recently sold at a price of $4,230,000. The transaction took place on April 29, 2022. The property consists of 28 units, resulting in a price per unit (PPU) of $151,071. In terms of size, the property spans 14,650 square feet, making the price per square foot (PPSF) $289.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,230,000
- Units: 28
- Price per Unit (PPU): $151,071
- Square Feet: 14,650
- Price per Square Foot (PPSF): $289
The buyer of the property is Betsy Arcia, while the seller is Peter Politis. The deal was facilitated by the team at Marcus & Millichap, represented by brokers Alec Demetriou, Joseph Thomas, and Adam Duncan.
Players
Miramar 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
3.75%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93