Updated Sep 9, 2024
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.
Liberty City 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
12.49%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93