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
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