facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

838 Northwest 4th Street, M...

Haynier Moya Acquires Multifamily Property In Miami For $1.06M From Seller Estate Of Otilia Hernandez
SOLDMultiFamily

Haynier Moya Acquires Multifamily Property In Miami For $1.06M From Seller Estate Of Otilia Hernandez

838 Northwest 4th Street, Miami, FL, USA

$1,060,000

$141/SF

Building Size

7,500 SF

Asset Type

MultiFamily

Closing

Sep 16, 2021

AI

The multifamily property located at 838 N.W. 4 Street in Miami has been sold for a total price of $1,060,000. The sale took place on 09/16/2021. The property consists of 8 units, with each unit having a price per unit (PPU) of $132,500. The total square footage of the property is 7,500, resulting in a price per square foot (PPSF) of $141.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,060,000
  • Units: 8
  • Price per Unit (PPU): $132,500
  • Square Footage: 7,500
  • Price per Square Foot (PPSF): $141

The buyer of the property is Haynier Moya, while the seller is the Estate of Otilia Hernandez. The brokers involved in the transaction are Virgilio Fernandez from Colliers and Carlos M. Sotolongo.

Players

Virgilio Fernandez

Cushman & Wakefield

Broker

$222.9M

vol

42 deals

Broker

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.97%

Cash-on-Cash

-4.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93