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585 Northwest 51st Street

Moshe Lehrer Acquires Package Deal Of 4 Units In Miami For $1.7M
SOLDPackage Deal

Moshe Lehrer Acquires Package Deal Of 4 Units In Miami For $1.7M

585 Northwest 51st Street

$1,700,000

Building Size

Asset Type

Package Deal

Closing

Jun 12, 2022

AI

Moshe Lehrer has purchased a package deal consisting of four properties in Miami. The properties are located at 585 NW 51 Street, 503 NW 47 St, 547 NW 49 St, and 403 NW 49 St. The sale took place on June 13, 2022, with a total transaction amount of $1,700,000. Each of the four properties includes one unit, resulting in a price per unit of $425,000.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $1,700,000
  • Units: 4
  • Price per Unit: $425,000

Moshe Lehrer, as the buyer, completed the purchase of these properties. The transaction was facilitated by Moshe Lehrer's representative.

Players

Yaacov Poston

The Real Estate Lab

Broker

$62.1M

vol

29 deals

Broker

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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93