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99 Southwest 7th Street, Mia

David Helm Acquires Multifamily Property In Miami For $4.9M
SOLDMultiFamily

David Helm Acquires Multifamily Property In Miami For $4.9M

99 Southwest 7th Street, Mia

$4,854,000

$1,327/SF

Building Size

3,658 SF

Asset Type

MultiFamily

Closing

Dec 7, 2022

AI

A multifamily property located at 99 Southwest 7th Street in Miami has been sold for a total price of $4,854,000. The property spans 3,658 square feet, resulting in a price per square foot of $1,327. The sale took place on 07/12/2022.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $4,854,000
  • Address: 99 Southwest 7th Street, Miami
  • Square Footage: 3,658
  • Price per Square Foot: $1,327

The buyer of the property is David Helm, while the seller is Harvey Hernandez. Representing the buyer is Brad Cozza from Cozza Investment Group, and Andrea Yurko from Cervera Real Estate represents the seller. It is worth noting that the property is part of the LOFTY Brickell Penthouse Collection, as mentioned by the seller's representative.

Players

Brad Cozza

Cozza Investment Group

Broker

$368.2M

vol

14 deals

Broker

David Helm

Buyer

$15.4M

vol

3 deals

Buyer

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

3.27%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93