Luis Alberto Rey Acquires Multifamily Property In Miami Beach From Gregory Dodder
SOLD
$1,675,000
Florida
See Similar DealsMultiFamily3,655 SF
Sold 01/16/2024
SOLD
Luis Alberto Rey Acquires Multifamily Property In Miami Beach From Gregory Dodder
7610 Dickens Avenue
See Similar DealsMultiFamily3,655 SF
Sold 01/16/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$458
Total Square Footage:3,655 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,950.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,940.35
Annual Debt Service$95,284.25
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