Leandro Rodriguez Acquires Multifamily Property In Miami Shores For $2.45M
9050 Northeast 8th Avenue, Miami Shores, FL, USA
$2,450,000
$250/SF
Building Size
9,787 SF
Asset Type
MultiFamily
Closing
Aug 11, 2021
AI
The multifamily property located at 9050 NE 8 Avenue in Miami Shores has been sold. The property consists of 16 units with a total area of 9,787 square feet. The sale price for this transaction was $2,450,000, resulting in a price per unit (PPU) of $153,125 and a price per square foot (PPSF) of $250.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $2,450,000
- Address: 9050 NE 8 Avenue, Miami Shores
- Market: Miami Shores
- Units: 16
- Price per Unit (PPU): $153,125
- Total Square Feet: 9,787
- Price per Square Foot (PPSF): $250
Leandro Rodriguez purchased the property from Guy Goldberg and Shai Yitzhaki. The transaction was facilitated by broker Deme Mekras from MSP Group LLC.
Players
Miami Shores 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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93