LLV Realty, LLC's Liana Rivera Represents Bowery 690 LLC In $7.55M Miami Multifamily Sale
SOLD
$7,550,000
Florida
See Similar DealsMultiFamily112,467 SF
Sold 08/17/2022
SOLD
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
See Similar DealsMultiFamily112,467 SF
Sold 08/17/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$67
Total Square Footage:112,467 SF
Transaction Type:Sale
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
BUYER
Details
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$402,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,823.55
Cash-on-Cash Return-1.27%
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Annual Debt Service$429,490.22
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