Ryan Shear Sells 16 Condos In Miami For $11.7M With Cozza Realty Group
18 Northwest 11th Street
$11,650,608
$1,618/SF
Building Size
7,200 SF
Asset Type
MultiFamily
Closing
Apr 14, 2023
AI
A total of 16 units at 18 Northwest 11th Street in Miami have been sold in a recent transaction. The asset type for these units is condos. The seller of the units is Ryan Shear. The deal was facilitated by Brad Cozza, Belen Capaccio, Lukas Escobar, and Wendy Sanchez PA from Cozza Realty Group. The sale price for the transaction amounted to $11,650,608. The total square footage of the units is 8,235, resulting in a price per square foot of $1,415.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $11,650,608
- Address: 18 Northwest 11th Street Unit(s) 3510, 2108, 3409, 2915, 2716, 2216, 4110, 4310, 2703, 4009, 3109, 3708, 4210, 2918, 4008, 4010 & 3110
- Market: Miami
In this deal, Brad Cozza, Belen Capaccio, Lukas Escobar, and Wendy Sanchez PA played a crucial role as representatives from Cozza Realty Group. Their expertise and negotiation skills contributed to the successful completion of the transaction.
Players
Market 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93