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
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