Ben Gold Acquires 4-Unit Multifamily Property In Miami For $1M
8321 Northeast Miami Court
$1,000,000
$478/SF
Building Size
2,091 SF
Asset Type
MultiFamily
Closing
Dec 1, 2023
AI
A multifamily property located at 8321 Northeast Miami Court in Miami has been sold in an off-market transaction. The property consists of 4 units, with a total square footage of 2,091. The sale price for the property was $1,000,000, resulting in a price per unit of $250,000 and a price per square foot of $478.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 4
- Price per Unit: $250,000
- Square Footage: 2,091
- Price per Square Foot: $478
- Market: Miami
In this off-market transaction, Ben Gold purchased the property from Vickson Dee. The transaction was facilitated by Alon Elbaz from The Real Estate Lab, who represented both the buyer and the seller.
Note from Broker: Alon Elbaz with The Real Estate Lab represented both the buyer and seller in this off-market 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93