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585 Northwest 51st Street, ...

David Kimmel Acquires Buena Vista Package Deal For $2.085M With Buyer's Rep Yaacov Poston, Shlomo Poston, Uri Redler & Carmen Moreno
SOLDPackage Deal

David Kimmel Acquires Buena Vista Package Deal For $2.085M With Buyer's Rep Yaacov Poston, Shlomo Poston, Uri Redler & Carmen Moreno

585 Northwest 51st Street, Miami, Florida 33127, United States

$2,085,000

$379/SF

Building Size

5,500 SF

Asset Type

Package Deal

Closing

Jun 13, 2022

AI

A package deal consisting of multiple properties located at 585 NW 51 Sreet, 503 NW 47 St, 547 NW 49 St, 403 NW 49 St, and 274 NW 43 St in the Buena Vista market has been sold for a total price of $2,085,000. The total square footage of the properties is approximately 5,500, resulting in a price per square foot of $379.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $2,085,000
  • Address: 585 NW 51 Sreet, 503 NW 47 St, 547 NW 49 St, 403 NW 49 St, and 274 NW 43 St
  • Market: Buena Vista

The buyer of the package deal is David Kimmel. The sellers are Shai Yitzhaki and Guy Goldberg. The transaction was facilitated by brokers Yaacov Poston, Shlomo Poston, Uri Redler, and Carmen Mesa Moreno from The Real Estate Lab. The lender involved in the deal is Shulem Leifer.

Players

Yaacov Poston

The Real Estate Lab

Broker

$62.1M

vol

29 deals

Broker
Guy Goldberg

Guy Goldberg

Seller

$51.3M

vol

9 deals

Seller

Miami Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.61%

Cash-on-Cash

-2.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93