Updated Dec 21, 2023
Luis Riquezes Acquires Multifamily Property In Miami For $6M
719 Biltmore Way, Miami, Florida 33134, United States
$6,000,000
$857/SF
Building Size
7,000 SF
Asset Type
MultiFamily
Closing
Aug 21, 2022
About this deal
AI
The multifamily property located at 719 Biltmore Way in Miami, FL has been sold in a transaction dated on August 22, 2022. The property spans 7,000 square feet and was sold for a total price of $6,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Address: 719 Biltmore Way, Miami, FL
- Market: Miami, FL
The buyer in this transaction is Luis Riquezes, while the seller is Sherrill T Russel.
The multifamily sale at 719 Biltmore Way, Miami, Florida 33134, United States in Coral Gables, Florida sold for $6M in 2022. The building is 7,000 square feet, implying about 857 per square foot on the published price. This page is the Coral Gables, Florida file for the 719 Biltmore Way, Miami, Florida 33134, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Coral Gables sit in the Market section below. Filter that Coral Gables multifamily set by closing date to see what else sold near 719 Biltmore Way, Miami, Florida 33134, United States around 2022. Published consideration for 719 Biltmore Way, Miami, Florida 33134, United States is $6M, dated 2022. Cite this Luis Riquezes Acquires Multifamily Property In Miami For $6M sale when underwriting similar multifamily product around Coral Gables, Florida.
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Coral Gables MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93