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18 Northwest 11th Street

Ryan Shear Sells 16 Condos In Miami For $11.7M With Cozza Realty Group
SOLDMultiFamily

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

Brad Cozza

Cozza Investment Group

Broker

$368.2M

vol

14 deals

Broker
Ryan Shear

Ryan Shear

Seller

$1B

vol

15 deals

Seller

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