Updated Oct 25, 2024
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
About this deal
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.
On the Map
$2,450,000
$250/SF
MultiFamily
View full map
Players
Miami Shores MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Deme Mekras to view all their deals.
Browse Florida multifamily sales on Traded.
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