Roberto Blanco Purchases MultiFamily Asset From Odalys Tarride In Miami For $1,650,000
5040 Nw 2 Ave
$1,650,000
$345/SF
Building Size
4,777 SF
Asset Type
MultiFamily
Closing
Aug 12, 2025
AI
A multi-family property located at 1021 Nw 5th St in the Miami market has been sold for a price of $1,650,000.00. The asset encompasses a total square footage of 4,777.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,650,000.00
- Sale Date: 08/12/2025
- Broker Representatives: Arthur Porosoff, Javier Ubeda
- Buyer: Mr. Roberto Blanco
- Seller: Odalys Tarride
The transaction involved Mr. Roberto Blanco as the buyer, facilitated by broker representatives Arthur Porosoff and Javier Ubeda. The seller of the property was Odalys Tarride, marking a significant engagement in the multi-family real estate market.
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