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
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