SOLDMultiFamily
Jesus Lopez Acquires Multifamily Property In Miami, FL For $2.6M
8350 Southwest 98th Street, Miami, Florida 33156, United States
$2,600,000
$371,428/SF
Building Size
7 SF
Asset Type
MultiFamily
Closing
Nov 30, 2022
AI
The multifamily property located at 8350 Sw 98th St in Miami, FL has been sold for $2,600,000. The property spans across 7,014 square feet, resulting in a price per square foot of $370.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Address: 8350 Sw 98th St, Miami, FL
- Market: Miami, FL
The buyer of the property is Jesus Lopez, while the sellers are Kushalakumari Sinnarajah and Sivanathan Sivarasa.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93