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775 Northeast 128th Street

 Acquires Multifamily Property In North Miami For $2.54M
SOLDMultiFamily

Acquires Multifamily Property In North Miami For $2.54M

775 Northeast 128th Street

$2,540,000

$254/SF

Building Size

10,000 SF

Asset Type

MultiFamily

Closing

Oct 6, 2023

AI

An 18-unit multifamily property located at 775 Northeast 128th Street in North Miami has been sold for $2,540,000. The transaction was completed by , represented by Leon Peisach and Mike Peisach. The property spans approximately 10,000 square feet, with each unit priced at $141,111. The sale price per square foot is $254.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,540,000
  • Units: 18
  • Price per Unit: $141,111
  • Square Footage: 10,000
  • Price per Square Foot: $254
  • Address: 775 Northeast 128th Street, North Miami
  • Buyer: - Leon Peisach & Mike Peisach
  • Broker: Hernando Perez - Horvath & Tremblay

, led by Leon Peisach and Mike Peisach, successfully acquired the multifamily property at 775 Northeast 128th Street in North Miami. The transaction was facilitated by broker Hernando Perez from Horvath & Tremblay.

Players

Hernando Perez

Horvath & Tremblay

Broker

$31.5M

vol

9 deals

Broker
CE
Category Five Real EstateSeller

North 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

6.25%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93