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1040 Spring Garden Rd

Marlon Gomez Purchases Multifamily Property At 1040 Spring Garden Rd From Fausto Callava For $3,920,000
SOLDMultiFamily

Marlon Gomez Purchases Multifamily Property At 1040 Spring Garden Rd From Fausto Callava For $3,920,000

1040 Spring Garden Rd

$3,920,000

Lot Size

21,294 SF

Asset Type

MultiFamily

Closing

Jul 24, 2019

AI

The asset involved in this transaction is a MultiFamily property located at 1040 Spring Garden Rd in Miami. The transaction was finalized on July 24, 2019, with a total price of $3,920,000.00.

Summary of transaction details:

This transaction involved Marlon Gomez as the buyer and Fausto Callava as the seller, with Arthur Porosoff acting as the broker representative in the deal.

Players

Arthur Porosoff

Broker
Broker

Marlon Gomez

Buyer

$15.6K

vol

1 deal

Buyer

Fausto Callava

Seller

$6M

vol

3 deals

Seller

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

4.05%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93