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
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93