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690 Northwest 3rd Street

LLV Realty, LLC's Liana Rivera Represents Bowery 690 LLC In $7.55M Miami Multifamily Sale
SOLDMultiFamily

LLV Realty, LLC's Liana Rivera Represents Bowery 690 LLC In $7.55M Miami Multifamily Sale

690 Northwest 3rd Street, 661 Northwest 2nd Street & 221 Northwest 7th Avenue

$7,550,000

$67/SF

Building Size

112,467 SF

Asset Type

MultiFamily

Closing

Aug 17, 2022

AI

The transaction involves a multifamily asset located at 690 NW 3rd St, 221 NW 7th Ave, 211 NW 7th Ave & 661 NW 2nd street in Miami. The sale price was $7,550,000, encompassing a total square footage of 37,489, equating to a price per square foot of $201.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,550,000
  • Address: 690 NW 3rd St, 221 NW 7th Ave, 211 NW 7th Ave & 661 NW 2nd street
  • Market: Miami
  • Square Footage: 37,489
  • Price per Square Foot: $201
  • Buyer: Thomas Neary - Bowery 690 LLC
  • Buyer's Representative: Liana Rivera - LLV Realty, LLC
  • Seller's Representative: Roger Schaeffler - Florida Realty of Miami

The key individuals involved in the transaction include Thomas Neary of Bowery 690 LLC, who acted as the buyer, and his representative, Liana Rivera from LLV Realty, LLC. The seller's interests were represented by Roger Schaeffler from Florida Realty of Miami.

Players

Liana Rivera

Broker

$24.7M

vol

4 deals

Broker
Thomas Neary

Thomas Neary

Buyer

$207M

vol

13 deals

Buyer
BP
Bowery PropertiesBuyer

Aledo 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

2.10%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93