SOLDMultiFamily
Enrique Manhard Acquires Multifamily Property In Miami, FL For $6.25M
1029 Southwest 1st Avenue, Miami, Florida 33130, United States
$6,250,000
$960/SF
Building Size
6,508 SF
Asset Type
MultiFamily
Closing
Jun 29, 2022
AI
The multifamily property located at 1029 SW 1st Ave in Miami, FL has been sold for a price of $6,250,000. The property spans a total of 6,508 square feet, resulting in a price per square foot of $960.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,250,000
- Address: 1029 SW 1st Ave, Miami, FL
- Market: Miami, FL
- Buyer: Enrique Manhard
- Seller: Elsa M. Urquisa
- Square Footage: 6,508
- Price per Square Foot: $960
Enrique Manhard served as the buyer in this transaction, while Elsa M. Urquisa acted as the seller.
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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93