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

Property Image
SOLD
$7,100,000

Florida

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MultiFamily29,230 SF
Sold 06/28/2022
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Property Image
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 Deals
MultiFamily29,230 SF
Sold 06/28/2022
Contact now

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

Sam Schwartz
5 deals$23.2M volume(773) 750-3320
BROKER

Sam Schwartz
 STL Commercial
5 deals$23.2M volume(773) 750-3320
BROKER

Max Loria
 STL Commercial
26 deals$111.9M volume
BROKER

Details

SOLD
IMAGE: Sam Schwartz & Max Loria DATE: 06/28/2022 ADDRESS: 6960 Rue Vendome MARKET: Normandy Isles, Miami ASSET TYPE: Multifamily SELLER: Rue Vendome - Burke Leighton Holdings BROKERS: Max Loria & Sam Schwartz - DWNTWN Realty Advisors (@DWNTWNRealtyAdvisors) SALE PRICE: $7,100,000 SF: 29,230 ~ PPSF: $243

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Net Operating Income (NOI)

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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
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