ONE Commercial Real Estate Facilitates $3.57M Sale Of Multifamily Property In Miami's Market
7500 Northeast 6th Court, Miami, FL 33138
$3,575,000
$264/SF
Building Size
13,500 SF
Asset Type
MultiFamily
Closing
Nov 2, 2021
AI
A multifamily property located at 7500-7514 NE 6th Court in Miami has been sold for a total price of $3,575,000. The sale was brokered by Robert Burstein from ONE Commercial Real Estate. The property consists of 16 units, with an average price per unit of $223,438. The total square footage of the property is 13,500, with a price per square foot of $265.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,575,000
Robert Burstein from ONE Commercial Real Estate played a key role as the broker in this transaction. His expertise and guidance contributed to the successful sale of the multifamily property in Miami. The involvement of a knowledgeable broker like Robert Burstein adds value and ensures a smooth process for all parties involved.
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