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7000 Northwest 8th Avenue

Updated Sep 9, 2024

Jonathan D. Parker Acquires Liberty City Multifamily For $1.27M
SOLDMultiFamily

Jonathan D. Parker Acquires Liberty City Multifamily For $1.27M

7000 Northwest 8th Avenue

$1,270,000

$365/SF

Building Size

3,475 SF

Asset Type

MultiFamily

Closing

Dec 9, 2022

About this deal

AI

The multifamily property located at 7000 Northwest 8th Avenue in Liberty City has been sold in a transaction. The property consists of 8 units with a total square footage of 3,475. The sale price for this transaction was $1,270,000, resulting in a price per unit of $158,750 and a price per square foot of $365.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,270,000
  • Units: 8
  • Price per Unit: $158,750
  • Square Footage: 3,475
  • Price per Square Foot: $365
  • Address: 7000 Northwest 8th Avenue, Liberty City

Jonathan D. Parker acted as the buyer in this transaction, while Alberto Fernandez Falcon and Alberto M. Fernandez were the sellers. The deal was facilitated by Ernie Perez from Gridline Properties, who represented the buyer, Jonathan D. Parker, in the transaction.

Players

Ernie Perez

Gridline Properties

Broker

$69.9M

vol

20 deals

Broker

Liberty City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $365 per square foot on a published $1.3M for 3,475 square feet (2022).

Visit Ernie Perez to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.49%

Cash-on-Cash

-3.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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