Updated Dec 19, 2023
Gibran Y Garcia & Alan Garcia Torre Acquire Miami Multifamily For $2.1M
1111 Southwest 13th Street, Miami, Florida 33145, United States
$2,100,000
$785/SF
Building Size
2,674 SF
Asset Type
MultiFamily
Closing
May 16, 2022
About this deal
AI
The multifamily property located at 1111 SW 13th St in Miami, FL was recently sold on May 17, 2022. The property spans 2,674 square feet and was sold at a price of $2,100,000, resulting in a price per square foot of $785.34.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Square Footage: 2,674
- Price per Square Foot: $785.34
- Address: 1111 SW 13th St, Miami, FL
- Market: Miami, FL
The buyers of the property were Gibran Y Garcia and Alan Garcia Torre. The seller of the property was Jared Kaplan.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93