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| Onyx| Miami, FL |
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665 NE 25th ST |
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Miami, FL 33137 |
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Purchase Price |
$7,419,650 |
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Cap Rate |
3.25% |
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Property Type |
Residential |
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Rentable Square Feet |
43,645 |
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Price per RSF |
$170.00 |
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Number of Tenants |
30 |
| | | Property Description |
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Best Waterfront building in the heart of the art and design district, Downtown Miami, minutes from south beach and the airport. All units are waterfront.
Replacement cost is $365/SF.
Market value - $388/SF.
This is a perfect buy and hold property that will sell
*** After Tax IRR at Year 5 - 34%.
*** After tax Cumulative Rate Of Return - 430%.
*** Cap rate At Acquisition - 3.2%. |
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| Presented To You By |
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Sean Glickman, CIPS TRC CSP
561-488-7766
seanglickman@gmail.com
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STIRLING SOTHEBY'S
INTERNATIONAL REALTY |
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The information above has been obtained from sources believed reliable. While
we do not doubt its accuracy we
have not verified it and make no guarantee, warranty or representation about
it. It is your responsibility to independently confirm its accuracy and
completeness. Any projections, opinions, assumptions, or estimates used are for
example only and do not represent the current or future performance of the
property.
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