Roberto Blanco And Roberto A. Blanco Acquire Multifamily Asset In Miami For $1.65M
1021 Northwest 5th Street
$1,650,000
$345/SF
Building Size
4,777 SF
Asset Type
MultiFamily
Closing
Aug 10, 2025
AI
The asset involved in this transaction is a multifamily property located at 1021 Northwest 5th Street, Miami. The property consists of 6 units, covering a total square footage of 4,777. The sale price was set at $1,650,000, resulting in a price per unit of $275,000 and a price per square foot of $345.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 1021 Northwest 5th Street
- Market: Miami
- Units: 6
- Price Per Unit: $275,000
- Square Footage: 4,777
- Price Per Square Foot: $345
- Buyer: Roberto Blanco & Roberto A. Blanco
- Seller: Albin Tarride
- Buyer's Representative: George Jimenez
- Seller's Representative: Javier A. Ubeda - Compass
The transaction involved key individuals, including buyers Roberto Blanco and Roberto A. Blanco, who acquired the property from seller Albin Tarride. The representation for the buyer was provided by George Jimenez, while Javier A. Ubeda from Compass represented the seller in the deal.
Players
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93