ONE Commercial Real Estate Sells 16-Unit Multifamily Property In Miami For $3.6M
SOLD
$3,575,000
Florida
See Similar DealsMultiFamily13,500 SF
Sold 11/01/2021
SOLD
ONE Commercial Real Estate Sells 16-Unit Multifamily Property In Miami For $3.6M
7514 Northeast 6th Court, Miami, FL, USA
See Similar DealsMultiFamily13,500 SF
Sold 11/01/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$264
Total Square Footage:13,500 SF
Transaction Type:Sale
A multifamily property located at 7500, 7504, 7512, 7514 NE 6th Court in Miami has been sold for a total price of $3,575,000. The property consists of 16 units, with a price per unit of $223,438. The total area of the property is 13,500 square feet, with a price per square foot of $265.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,575,000
- Units: 16
- Price per Unit: $223,438
- Total Area: 13,500 square feet
- Price per Square Foot: $265
- Address: 7500, 7504, 7512, 7514 NE 6th Court, Miami
- Market: Miami
The sale of this multifamily property was facilitated by Robert Burstein of ONE Commercial Real Estate. For additional multifamily, office, and retail leasing and investment opportunities in South Florida, interested parties can contact Robert Burstein at 305.588.0788 or via email at [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$190,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,701.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,947.32
Annual Debt Service$203,367.89
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