Virginia Leon Purchases Multifamily Asset From Charalabos Bakalis For $1.35M In Miami
1157 Northwest 1st Street
$1,350,000
$244/SF
Building Size
5,520 SF
Asset Type
MultiFamily
Closing
Jan 21, 2026
AI
The transaction involves a multifamily property located at 1157 Northwest 1st Street in the Miami market. The sale price of the asset was $1,350,000, comprising 15 units. The total square footage of the property is 5,520, resulting in a price per unit of $90,000 and a price per square foot of $244.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Units: 15
- Square Footage: 5,520
- Price per Unit: $90,000
- Price per Square Foot: $244
- Buyer: Virginia Leon
- Seller: Charalabos Bakalis
- Buyer's Representative: Mauricio Villasuso & Luna Graciana - Fausto Commercial Realty Consultants
- Seller's Representative: Irene Di Sciullo - LoKation® Real Estate
This transaction features Virginia Leon as the buyer and Charalabos Bakalis as the seller, with respective representatives Mauricio Villasuso and Luna Graciana from Fausto Commercial Realty Consultants advocating for the buyer, while Irene Di Sciullo from LoKation® Real Estate represented 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93