Updated Nov 24, 2023
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
About this deal
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.
The multifamily sale at 8350 Southwest 98th Street, Miami, Florida 33156, United States in Miami, Florida sold for $2.6M in 2022. The building is 7 square feet, implying about 371.4K per square foot on the published price. Named participants on the 8350 Southwest 98th Street, Miami, Florida 33156, United States sale are Jesus Lopez. This page is the Miami, Florida file for the 8350 Southwest 98th Street, Miami, Florida 33156, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Miami sit in the Market section below. Filter that Miami multifamily set by closing date to see what else sold near 8350 Southwest 98th Street, Miami, Florida 33156, United States around 2022. Published consideration for 8350 Southwest 98th Street, Miami, Florida 33156, United States is $2.6M, dated 2022. Cite this Jesus Lopez Acquires Multifamily Property In Miami, FL For $2.6M sale when underwriting similar multifamily product around Miami, Florida.
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Miami MultiFamily Market Snapshot
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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