ONE Commercial Real Estate Facilitates $3.57M Sale Of Multifamily Property In Miami's Market
SOLD
$3,575,000
Florida
See Similar DealsMultiFamily13,500 SF
Sold 11/02/2021
SOLD
ONE Commercial Real Estate Facilitates $3.57M Sale Of Multifamily Property In Miami's Market
7500 Northeast 6th Court, Miami, FL 33138
See Similar DealsMultiFamily13,500 SF
Sold 11/02/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$264
Total Square Footage:13,500 SF
Transaction Type:Sale
A multifamily property located at 7500-7514 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.
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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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