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Tali Raphaely Acquires Miami Multifamily From Magloire Labranche For $3.6M

Property Image
SOLD
$3,600,000
Sharif Bula
TR

Florida

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MultiFamily15,900 SF
Sold 11/10/2023
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Property Image
SOLD

Tali Raphaely Acquires Miami Multifamily From Magloire Labranche For $3.6M

6465 Northwest 2nd Avenue

See Similar Deals
MultiFamily15,900 SF
Sold 11/10/2023
Sharif Bula
TR
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$226
Total Square Footage:15,900 SF
Transaction Type:Sale

An undisclosed multifamily property in Miami has been sold for a total price of $3,600,000. The property, located at 6465 Northwest 2nd Avenue, consists of 21 units with a total square footage of 15,900. The sale price per unit was $171,429 and the price per square foot was $226.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,600,000
  • Units: 21
  • Price Per Unit: $171,429
  • Square Footage: 15,900
  • Price Per Square Foot: $226
  • Address: 6465 Northwest 2nd Avenue, Miami

Tali Raphaely was the buyer in this transaction, while Magloire Labranche acted as the seller. The deal was facilitated by Sharif Bula from Eleventrust Real Estate Services.

Players

Sharif Bula
ElevenTrust Real Estate Services
Sharif Bula
8 deals$35.2M volume
BROKER
TR
Tali Raphaely
3 deals$10.5M volume
BUYER

Details

SOLD
IMAGE: Sharif Bula DATE: 11/10/2023 ADDRESS: 6465 Northwest 2nd Avenue MARKET: Miami ASSET TYPE: Multifamily BUYER: Tali Raphaely SELLER: Magloire Labranche BROKER: Sharif Bula (@SharifBula) - Eleventrust Real Estate Services (@ElevenTrust) SALE PRICE: $3,600,000 UNITS: 21 ~ PPU: $171,429 SF: 15,900 ~ PPSF: $226

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04