Pablo Abreu Acquires Miami Beach Multifamily For $1,625,000
SOLD
$1,625,000
Florida
See Similar DealsMultiFamily3,260 SF
Sold 02/16/2024
SOLD
Pablo Abreu Acquires Miami Beach Multifamily For $1,625,000
7310 Carlyle Avenue
See Similar DealsMultiFamily3,260 SF
Sold 02/16/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$498
Total Square Footage:3,260 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,773.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,703.33
Annual Debt Service$92,439.95
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