Luis Alberto Rey Acquires Multifamily Property In Miami Beach From Gregory Dodder
7610 Dickens Avenue
$1,675,000
$458/SF
Building Size
3,655 SF
Asset Type
MultiFamily
Closing
Jan 16, 2024
AI
A multifamily property located at 7610 Dickens Avenue in Miami Beach has been sold in a closed transaction. The property consists of 4 units, with a total square footage of 3,655. The sale price for this property was $1,675,000, which translates to a price per unit of $418,750 and a price per square foot of $458.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,675,000
- Units: 4
- Price Per Unit: $418,750
- Square Footage: 3,655
- Price Per Square Foot: $458
- Address: 7610 Dickens Avenue, Miami Beach
Luis Alberto Rey has acquired the property from Gregory Dodder. Karen Gomez and Bryan Ozuna from Real Estate Sales Force (RESF) represented Luis Alberto Rey in this transaction.
Players
Miami Beach 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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93