Updated Jun 10, 2025
Creek Club Apartments Acquires Multifamily Asset From Leonardo Rodriguez For $4 Million
9050 Northeast 8th Avenue
$4,000,000
$365/SF
Building Size
10,946 SF
Asset Type
MultiFamily
Closing
May 29, 2025
About this deal
AI
The property involved in this transaction is a multifamily asset located at 9050 Northeast 8th Avenue in the Miami Shores market. The sale price was $4,000,000, encompassing a total square footage of 10,946, which equates to a price per square foot of $365.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Address: 9050 Northeast 8th Avenue
- Market: Miami Shores
- Square Footage: 10,946
- Price per Square Foot: $365
- Buyer: Creek Club Apartments
- Seller: Leonardo Rodriguez
- Buyer's Representative: Ernie Perez - Gridline Properties
- Seller's Representative: Jahaira Vera
Key individuals in this transaction include Ernie Perez, representing Creek Club Apartments, and Jahaira Vera, representing the seller, Leonardo Rodriguez. Their involvement facilitated the transfer of ownership in this multifamily transaction.
On the Map
$4,000,000
$365/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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93