Updated Dec 19, 2023
Gerardo Portilla Acquires 5& Family Property In Miami Beach For $2.2M
6753 Indian Creek Drive, Miami Beach, Florida 33141, United States
$2,200,000
$326/SF
Building Size
6,740 SF
Asset Type
MultiFamily
Closing
Jul 6, 2022
About this deal
AI
The 5+ family property located at 6753 Indian Creek Dr in Miami Beach, FL has been sold. The transaction took place on July 7, 2022.
Summary of transaction details:
- Property Type: 5+ Family
- Transaction Amount: $2,200,000
- Address: 6753 Indian Creek Dr, Miami Beach, FL
- Market: Miami Beach, FL
Gerardo Portilla has purchased the property from Richard G Skold. The property spans a total of 6,740 square feet, resulting in a price per square foot of $326.
The multifamily sale at 6753 Indian Creek Drive, Miami Beach, Florida 33141, United States in Miami Beach, Florida sold for $2.2M in 2022. The building is 6,740 square feet, implying about 326 per square foot on the published price. This page is the Miami Beach, Florida file for the 6753 Indian Creek Drive, Miami Beach, Florida 33141, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach multifamily set by closing date to see what else sold near 6753 Indian Creek Drive, Miami Beach, Florida 33141, United States around 2022. Published consideration for 6753 Indian Creek Drive, Miami Beach, Florida 33141, United States is $2.2M, dated 2022. Cite this Gerardo Portilla Acquires 5& Family Property In Miami Beach For $2.2M sale when underwriting similar multifamily product around Miami Beach, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93