facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

99 Southwest 7th Street, Mia

David Helm Acquires Multifamily Property On 99 Southwest 7th Street In Miami For $4.85M
SOLDMultiFamily

David Helm Acquires Multifamily Property On 99 Southwest 7th Street In Miami For $4.85M

99 Southwest 7th Street, Mia

$4,854,000

$1,327/SF

Building Size

3,658 SF

Asset Type

MultiFamily

Closing

Jul 12, 2022

AI

Located at 99 Southwest 7th Street in Miami, this multifamily property was recently sold for a total price of $4,854,000. The sale took place on 12/07/2022, with the buyer being David Helm and the seller being Harvey Hernandez. The property spans a total area of 3,658 square feet, resulting in a price per square foot of $1,327. The transaction was facilitated by Brad Cozza from Cozza Investment Group, who represented the buyer, and Andrea Yurko from Cervera Real Estate, who represented the seller.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,854,000
  • Square Footage: 3,658
  • Price per Square Foot: $1,327
  • Market: Miami

During the sale, Brad Cozza represented the buyer, David Helm, on behalf of Cozza Investment Group. On the seller's side, Andrea Yurko represented Harvey Hernandez through Cervera Real Estate. The property, part of the LOFTY Brickell Penthouse Collection, offers a unique living experience in the heart of Miami.

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

Loading comparables…

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