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
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