Updated Dec 21, 2023
Jason Vanterpool & Stephanie Lecorps Acquire Shorecrest Multifamily For $1.63M
893 Northeast 81st Street, Miami, Florida 33138, United States
$1,625,000
$119/SF
Building Size
13,560 SF
Asset Type
MultiFamily
Closing
Mar 8, 2022
About this deal
AI
The multifamily property located at 893 NE 81 St in Shorecrest has been sold in a recent transaction. The sale, facilitated by brokers Adriano Salucci and Miguel Pinto from Apex Capital Realty, had a sale price of $1,625,000. The property consists of 7 units and spans a total area of 13,560 square feet. The price per unit is approximately $232,143, while the price per square foot is around $120.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,625,000
- Address: 893 NE 81 St
- Market: Shorecrest
The buyers of the property are Jason Vanterpool and Stephanie Lecorps, while the seller is Alex Leiter. Adriano Salucci and Miguel Pinto, representing Apex Capital Realty, served as the brokers in this transaction.
On the Map
$1,625,000
$119/SF
MultiFamily
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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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93