Alberto Moreno & Alexander Moreno Sell Mixed-Use Property In Wynwood Norte, Miami For $6.75M
3131 Northwest 1st Avenue
$6,750,000
$204/SF
Building Size
32,957 SF
Asset Type
Mixed-use
Closing
Nov 30, 2022
About this deal
AI
The mixed-use property located at 93, 85, 79, 75 NW 31st & 3129-3131 NW 1st Avenue in Wynwood Norte, Miami has been sold for a total price of $6,750,000. The property spans a total area of 32,957 square feet, resulting in a price per square foot of $205.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,750,000
- Square Footage: 32,957
- Price Per Square Foot: $205
- Address: 93, 85, 79, 75 NW 31st & 3129-3131 NW 1st Avenue, Wynwood Norte, Miami
The sellers of the property were Alberto Moreno and Alexander Moreno. The deal was facilitated by Claudia P. Gomez and Guillermo Ortega from Keller Williams Realty Partners SW.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93