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8321 Northeast Miami Court

Ben Gold Acquires 4-Unit Multifamily Property In Miami For $1M
SOLDMultiFamily

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

Alon Elbaz

The Real Estate Lab

Broker

$5.3M

vol

4 deals

Broker

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