761-771 NW 1st St In Miami Sells For $4.1M To 761 NW 1ST LLC - Tecela Represented By Andrew Frey & Brokered By JLL Capital Markets' Victor Garcia, Ted Taylor, Max La Cava, And Luca Victoria
761 Northwest 1st Street, Miami, FL, USA
$4,100,000
$288/SF
Building Size
14,212 SF
Asset Type
MultiFamily
Closing
Aug 23, 2020
AI
A multifamily property located at 761-771 NW 1st St in Miami has been sold. The transaction took place on August 23, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Units: 16
- Price Per Unit (PPU): $256,250
The buyer of the property is 761 NW 1ST LLC, while Tecela - Andrew Frey was the seller. The deal was facilitated by Victor Garcia, Ted Taylor, Max La Cava & Luca Victoria from JLL Capital Markets.
No additional details regarding the property or the transaction were provided.
Players
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93