Moshe Lehrer Acquires Package Deal Of 4 Units In Miami For $1.7M
SOLD
$1,700,000
+ 1
Florida
See Similar DealsPackage Deal
Sold 06/12/2022
SOLD
Moshe Lehrer Acquires Package Deal Of 4 Units In Miami For $1.7M
585 Northwest 51st Street
See Similar DealsPackage Deal
Sold 06/12/2022
+ 1
Summary
FLORIDA
Asset Type:Package Deal
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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