Category Five Real Estate 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 Category Five Real Estate, 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: Category Five Real Estate - Leon Peisach & Mike Peisach
- Broker: Hernando Perez - Horvath & Tremblay
Category Five Real Estate, 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
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