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6881 Indian Creek Dr

Fausto Callava Acquires Multifamily Property At 6881 Indian Creek Dr For $4.5M From Mark Wasser
SOLDMultiFamily

Fausto Callava Acquires Multifamily Property At 6881 Indian Creek Dr For $4.5M From Mark Wasser

6881 Indian Creek Dr

$4,500,000

$529/SF

Building Size

8,506 SF

Asset Type

MultiFamily

Closing

May 31, 2017

AI

The property asset involved in this transaction is a multi-family building located at 6881 Indian Creek Dr, Miami Beach. The sale was finalized for $4,500,000.00 and encompasses a total square footage of 8,506. The Miami Beach market served as the backdrop for this deal.

Summary of transaction details:

The deal involved Fausto Callava as the buyer, while Mark Wasser served as the seller of the property. The transaction was facilitated by brokerage representatives Arthur Porosoff and David Cohen from Horvath & Tremblay, who played key roles in the negotiation and closing of this sale.

Players

David Cohen

Horvath & Tremblay

Broker

$67.3M

vol

10 deals

Broker

Fausto Callava

Buyer

$6M

vol

3 deals

Buyer

Mark Wasser

Seller
Seller

Miami Beach 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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93