Updated Dec 21, 2023
Masato Otsuka & Miharu Tanaka Acquire Multifamily Property In Miami Beach For $4.95M
6890 Abbott Avenue, Miami Beach, Florida 33141, United States
$4,950,000
$608/SF
Building Size
8,134 SF
Asset Type
MultiFamily
Closing
Jul 11, 2022
About this deal
AI
The multifamily property located at 6890 Abbott Ave in Miami Beach, FL has been sold for a total price of $4,950,000. The property spans a total of 8,134 square feet, resulting in a price per square foot of $608.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,950,000
- Address: 6890 Abbott Ave, Miami Beach, FL
- Market: Miami Beach, FL
- Buyer: Masato Otsuka & Miharu Tanaka
- Seller: Maria C Hernandez
- Square Footage: 8,134
- Price per Square Foot: $608
Masato Otsuka and Miharu Tanaka were the buyers of the property, while Maria C Hernandez acted as the seller. They were represented by their respective brokers in the deal.
Players
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
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93