David M. Talla Acquires 34-Unit Multifamily In Miami For $15M
39 NW 7th Ave
Units
34
Asset Type
—
Closing
Jul 12, 2022
About this deal
AI
A multifamily property located at 39 NW 7th Ave in Miami has been sold for $15,000,000. The property consists of 34 units with an average price per unit of $441,176. The total square footage of the property is 25,000, with an average price per square foot of $600.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,000,000
- Units: 34
- Price per Unit: $441,176
- Square Footage: 25,000
- Price per Square Foot: $600
- Address: 39 NW 7th Ave, Miami
The buyer of the property is David M. Talla, while Santiago Vanegas is the seller. The buyer was represented by Dan Dratch, Greg Matus, Ryan Wold, and Joseph Landsberg from Franklin Street.
On the Map
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93