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1017 Southwest 9th Street, ...

Andres Pinate & Nicolas Vila Acquire Little Havana Multifamily For $1.4M
SOLDMultiFamily

Andres Pinate & Nicolas Vila Acquire Little Havana Multifamily For $1.4M

1017 Southwest 9th Street, Miami, Florida 33135, United States

$1,415,000

$230/SF

Building Size

6,152 SF

Asset Type

MultiFamily

Closing

Sep 20, 2022

AI

Located in Little Havana, this multifamily property at 1017 SW 9th St has recently changed hands in a closed transaction. The sale was finalized on 09/21/2022 and the property was captured in a photo by Shelly Argy.

Summary of transaction details:

  • Property Type: Multifamily
  • Address: 1017 SW 9th St, Little Havana

The buyer of the property is Andres Pinate & Nicolas Vila, while the seller is Abraham Lowy. Representing the buyer in the deal is Kevin Kohler from Keller Williams. On the other side, Shelly Argy from Gridline Properties served as the seller's representative.

The property was sold for a total price of $1,415,000, with a unit count of 9. This translates to a per unit price of $157,222. The property spans across 6,152 square feet, resulting in a price per square foot of $230.

Players

Kevin Kohler

KW Commercial

Broker

$34.8M

vol

3 deals

Broker

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.21%

Cash-on-Cash

-3.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93