Dwntwn Realty Advisors Acquires Multifamily Property In Little River For $13.3M
8038 Northeast 2nd Avenue
$13,300,000
$140/SF
Building Size
95,000 SF
Asset Type
MultiFamily
Closing
Oct 27, 2022
AI
The multifamily property located at 8038 NE 2nd Avenue in Little River has been sold for a total price of $13,300,000. Spanning across 95,000 square feet, the property is valued at $140 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,300,000
- Address: 8038 NE 2nd Avenue
- Market: Little River
The sale of this multifamily property was facilitated by Thomas Conway from Qualcon Little River, representing the seller. The buyer, on the other hand, was represented by Tony Arellano and Devlin Marinoff from Dwntwn Realty Advisors. Alfredo Riascos from Gridline Properties acted as the seller's representative in the 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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93