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
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