Daniel Ifraimov & John Femenia Acquire Miami Multifamily Property From Samuel Papu
SOLD
$4,000,000
Florida
See Similar DealsMultiFamily79,948 SF
Sold 02/27/2024
SOLD
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
See Similar DealsMultiFamily79,948 SF
Sold 02/27/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$50
Total Square Footage:79,948 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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