ONE Commercial Real Estate Sells 16-Unit Multifamily Property In Miami For $3.6M
7514 Northeast 6th Court, Miami, FL, USA
$3,575,000
$264/SF
Building Size
13,500 SF
Asset Type
MultiFamily
Closing
Oct 31, 2021
AI
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].
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.44%
Cash-on-Cash
-1.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93