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1157 Northwest 1st Street

Updated Jan 28, 2026

Virginia Leon Purchases Multifamily Asset From Charalabos Bakalis For $1.35M In Miami
SOLDMultiFamily

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

About this deal

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.

On the Map

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$1,350,000

$244/SF

MultiFamily

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Players

Mauricio Villasuso

Fausto Commercial Realty Consultants

Broker

$91.4M

vol

17 deals

Broker
LoKation® Real Estate
LoKation® Real EstateBrokerage
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Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $244 per square foot on a published $1.4M for 5,520 square feet (2026).

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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

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