Updated Sep 9, 2024
Alejandro Gershanik Acquires Multifamily Property In Miami For $5.28M
7104-7160 Nw 14th Pl
$5,280,000
$160/SF
Building Size
32,886 SF
Asset Type
MultiFamily
Closing
Dec 9, 2022
About this deal
AI
The multifamily property located at 7104-7160 Nw 14th Pl in Miami has been sold for a total price of $5,280,000. The property consists of 44 units, with a price per unit of $120,000. The total square footage of the property is 32,886, with a price per square foot of $161.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,280,000
- Address: 7104-7160 Nw 14th Pl, Miami
- Market: Miami
Alejandro Gershanik, represented by Alejandro Gershanik from BM2 Realty, has acquired the property. Alejandro Gonzalez acted as the seller's representative in the deal.
Miami 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
3.00%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93