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:
- Property Type: MultiFamily
- Transaction Amount: $3,920,000.00
- Address: 1040 Spring Garden Rd
- Market: Miami
- Buyer: Marlon Gomez
- Seller: Fausto Callava
- Brokers: Arthur Porosoff
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
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