Updated Dec 20, 2023
Thomas G. Sherman Buys 18-Unit Multifamily Asset In East Little Havana For $2M
937 SW 5th St, Little Havana, Miami, FL, USA
$2,000,000
$225/SF
Building Size
8,858 SF
Asset Type
MultiFamily
Closing
Mar 15, 2020
About this deal
AI
The multifamily property located at 937 SW 5th St in East Little Havana was recently sold for $2,000,000. The property spans across 8,858 square feet, resulting in a price per square foot of $225. The transaction included 18 units, bringing the price per unit to $111,111. The sale took place on March 16, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 937 SW 5th St
- Market: East Little Havana
- Square Footage: 8,858
- Price per Square Foot: $225
- Units: 18
- Price per Unit: $111,111
The buyer of the property is Thomas G. Sherman, while the sellers are Kathleen C. Brennan and Joseph P. Brennan.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93