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7310 Carlyle Avenue

Pablo Abreu Acquires Miami Beach Multifamily For $1,625,000
SOLDMultiFamily

Pablo Abreu Acquires Miami Beach Multifamily For $1,625,000

7310 Carlyle Avenue

$1,625,000

$498/SF

Building Size

3,260 SF

Asset Type

MultiFamily

Closing

Feb 16, 2024

AI

The multifamily property located at 7310 Carlyle Avenue in Miami Beach was sold for $1,625,000. This property consists of 4 units with a total square footage of 3,260 square feet. The price per unit was $406,250, and the price per square foot was $498.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,625,000
  • Units: 4
  • Square Footage: 3,260
  • Price per Unit: $406,250
  • Price per Square Foot: $498
  • Address: 7310 Carlyle Avenue, Miami Beach
  • Market: Miami Beach

The Real Estate Sales Force (RESF) represented both parties in this transaction. Pablo Abreu was the buyer, while Hernan De Los Rios was the seller. The buyer's representatives were Bryan Ozuna and Karen Gomez.

Players

Karen Gomez

Real Estate Sales Force (RESF)

Broker

$11.4M

vol

6 deals

Broker

Miami Beach 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

9.76%

Cash-on-Cash

-2.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93