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7951 Northwest 159th Terrace

Alejandro Pena Buys Single Family Home In Miami Lakes For $1.15M
SOLDSingle Family

Alejandro Pena Buys Single Family Home In Miami Lakes For $1.15M

7951 Northwest 159th Terrace

$1,150,000

$398/SF

Building Size

2,889 SF

Asset Type

Single Family

Closing

May 13, 2024

AI

The single-family property located at 7951 Northwest 159th Terrace in Miami Lakes was sold for $1,150,000. Spanning 2,889 square feet, the property was swiftly sold in just 17 days, receiving multiple offers during the transaction. The price per square foot was $398.

Summary of transaction details:

During the deal, both the buyer, Alejandro Pena, and the seller, Brett And Alpha Bartsch, were represented by the brokers Gabriel Baratto and Daniel Cuervo from Coldwell Banker. The property transaction was successfully closed within a short period, indicating the efficiency and effectiveness of the involved parties in reaching an agreement.

Players

Gabriel Baratto

Coldwell Banker

Broker

$36.4M

vol

13 deals

Broker

Miami Lakes Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93