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
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