Rue Vendome - Burke Leighton Holdings Sells Multifamily Property In Normandy Isles, Miami For $7.1M
SOLD
Florida
See Similar DealsMultiFamily29,230 SF
Sold 06/28/2022
SOLD
Rue Vendome - Burke Leighton Holdings Sells Multifamily Property In Normandy Isles, Miami For $7.1M
6960 Rue Vendome, Miami Beach, Florida 33141, United States
See Similar DealsMultiFamily29,230 SF
Sold 06/28/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$242
Total Square Footage:29,230 SF
Transaction Type:Sale
The multifamily property located at 6960 Rue Vendome in Normandy Isles, Miami has been sold for a price of $7,100,000. The property spans an area of 29,230 square feet, resulting in a price per square foot of $243.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,100,000
- Address: 6960 Rue Vendome, Normandy Isles, Miami
- Market: Normandy Isles, Miami
The seller of the property was Rue Vendome - Burke Leighton Holdings. The transaction was facilitated by Max Loria and Sam Schwartz of DWNTWN Realty Advisors, who represented both the buyer and the seller.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$378,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47
Is there something missing? Send suggestions
