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7500 Northeast 6th Court

Kristine Flook & Janet Crucet Of Urbanize Properties Represent Buyer In $4M Miami Multifamily Sale
SOLDMultiFamily

Kristine Flook & Janet Crucet Of Urbanize Properties Represent Buyer In $4M Miami Multifamily Sale

7500 Northeast 6th Court

$4,000,000

$525/SF

Building Size

7,618 SF

Asset Type

MultiFamily

Closing

Apr 11, 2025

AI

The property asset involved in this transaction is a multifamily asset located at 7500-7514 NE 6 CT in Miami. The sale price of the property was $4,000,000, consisting of 16 units and covering a total square footage of 7,618. The price per unit was recorded at $250,000, while the price per square foot stood at $525.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,000,000
  • Units: 16
  • Square Footage: 7,618
  • Price Per Unit: $250,000
  • Price Per Square Foot: $525

Kristine Flook and Janet Crucet from Urbanize Properties represented the buyer in this transaction, while Laura Veitia from Urban Resource acted as the seller's representative. The contract to close occurred in 22 business days, and it was noted that a non-refundable deposit was made at contract execution. This was an all-cash transaction.

Players

Janet Crucet

Urbanize Properties

Broker

$97.2M

vol

15 deals

Broker

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93