Alejandro Gershanik Acquires Multifamily Property In Miami For $5.28M
SOLD
$5,280,000
Florida
See Similar DealsMultiFamily32,886 SF
Sold 12/09/2022
SOLD
Alejandro Gershanik Acquires Multifamily Property In Miami For $5.28M
7104-7160 Nw 14th Pl
See Similar DealsMultiFamily32,886 SF
Sold 12/09/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$160
Total Square Footage:32,886 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$281,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,758.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,029.89
Annual Debt Service$300,358.72
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