Updated Oct 28, 2024
DSR Properties LLC Sells 24-Unit Multifamily In North Miami For $4.15M
888 Northeast 132nd Street, North Miami, Florida 33161, United States
$4,150,000
$205/SF
Building Size
20,160 SF
Asset Type
MultiFamily
Closing
Jul 21, 2022
About this deal
AI
The multifamily property located at 888 NE 132nd Street in North Miami has been sold for a price of $4,150,000. The transaction took place on 07/22/2022, and the property consists of 24 units. The price per unit is approximately $172,917.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,150,000
- Address: 888 NE 132nd Street
- Market: North Miami
- Seller: DSR Properties LLC
- Brokers: Felipe Echarte, Evan Kristol, and Nicholas McAndrew - Marcus & Millichap
- Units: 24
- Price per Unit: $172,917
Felipe Echarte, Evan Kristol, and Nicholas McAndrew from Marcus & Millichap represented the seller, DSR Properties LLC, in the transaction.
Players
North 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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93