Updated Dec 4, 2024
Daniel Ifraimov & John Femenia Acquire Miami Multifamily Property From Samuel Papu
7985 Northwest 8th Street, 7989 Northwest 8th Street, 7991 Northwest 8th Street & 7995 Northwest 8th Street
$4,000,000
$50/SF
Building Size
19,987 SF
Asset Type
MultiFamily
Closing
Feb 27, 2024
About this deal
AI
The multifamily property located at 7985, 7989, 7991 & 7995 Northwest 8th Street in Miami was successfully sold for $4,000,000. This property consists of 17 units with a total square footage of 19,987. The price per unit was $235,294, and the price per square foot was $200.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Units: 17
- Price Per Unit: $235,294
- Square Footage: 19,987
- Market: Miami
The sale of this multifamily property was facilitated by Karen Gomez and Bryan Ozuna of Real Estate Sales Force (RESF). The buyers were Daniel Ifraimov & John Femenia, while Samuel Papu acted as the seller in this transaction.
Players
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93