Senada Adzem & Kim Klotz Of Douglas Elliman Represent Buyer In Miami Multifamily Sale For $7.45M
SOLD
$7,450,000
Florida
See Similar DealsMultiFamily1,681 SF
Sold 04/03/2025
SOLD
Senada Adzem & Kim Klotz Of Douglas Elliman Represent Buyer In Miami Multifamily Sale For $7.45M
1000 Biscayne Boulevard
See Similar DealsMultiFamily1,681 SF
Sold 04/03/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$4,431
Total Square Footage:1,681 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 1000 Biscayne Boulevard in Miami. The sale price of the property was $7,450,000. The square footage of the asset measures 1,681, with a price per square foot calculated at $4,431.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,450,000
- Address: 1000 Biscayne Boulevard
- Market: Miami
- Square Footage: 1,681
- Price Per Square Foot: $4,431
- Buyer's Representative: Senada Adzem & Kim Klotz - Douglas Elliman
- Seller's Representative: Eva Garzon - The Grand Lion Real Estate Group
The key individuals in this deal include the buyer's representatives, Senada Adzem and Kim Klotz, affiliated with Douglas Elliman. The seller's representative is Eva Garzon, representing The Grand Lion Real Estate Group, playing a crucial role in facilitating this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$397,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,468.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,316.80
Annual Debt Service$423,801.61
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