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6960 Rue Vendome, Miami Bea...

Rue Vendome - Burke Leighton Holdings Sells Multifamily Property In Normandy Isles, Miami For $7.1M
SOLDMultiFamily

Rue Vendome - Burke Leighton Holdings Sells Multifamily Property In Normandy Isles, Miami For $7.1M

6960 Rue Vendome, Miami Beach, Florida 33141, United States

$7,100,000

$242/SF

Building Size

29,230 SF

Asset Type

MultiFamily

Closing

Jun 27, 2022

AI

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

Sam Schwartz

STL Commercial

Broker

$23.2M

vol

5 deals

Broker

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

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93