Leandro Rodriguez Acquires Multifamily Property In Miami Shores For $2.45M
SOLD
$2,450,000
Florida
See Similar DealsMultiFamily9,787 SF
Sold 08/12/2021
SOLD
Leandro Rodriguez Acquires Multifamily Property In Miami Shores For $2.45M
9050 Northeast 8th Avenue, Miami Shores, FL, USA
See Similar DealsMultiFamily9,787 SF
Sold 08/12/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$250
Total Square Footage:9,787 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$130,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,704.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,614.25
Annual Debt Service$139,371.00
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