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1021 Northwest 5th Street

Roberto Blanco And Roberto A. Blanco Acquire Multifamily Asset In Miami For $1.65M
SOLDMultiFamily

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

Javier A. Ubeda

Compass

Broker

$42.5M

vol

13 deals

Broker
Compass
CompassBrokerage

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