Updated Oct 28, 2024
Leon Ojalvo Of Liberty Base Acquires Miami Multifamily Property From Seller Fidel Yero
1205 Northwest 103rd Lane, Miami, FL, USA
$15,000,000
$726/SF
Building Size
20,657 SF
Asset Type
MultiFamily
Closing
Jun 9, 2020
About this deal
AI
A multifamily property located at 1205 NE 103rd Ln in Miami has been sold for $15,000,000. The property consists of 106 units, with a price per unit of $141,509. The transaction took place on 06/09/2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $15,000,000
- Address: 1205 NE 103rd Ln, Miami
- Market: Miami
- Units: 106
- Price per Unit: $141,509
The buyer of the property is Leon Ojalvo, represented by Liberty Base. The seller is Fidel Yero. Tomas Sulichin from Related ISG Commercial acted as the buyer's representative, while Jacob Serure from SRE Commercial represented the seller.
On the Map
$15,000,000
$726/SF
MultiFamily
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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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93