Santiago Nieto Acquires Multifamily Property From Emilio Li For $1.05M In Miami
1225 Southwest 11th Avenue
$1,050,000
$510/SF
Building Size
2,058 SF
Asset Type
MultiFamily
Closing
Mar 14, 2025
AI
The property involved in this transaction is a MultiFamily asset located at 1225 Southwest 11th Avenue in the Miami market. The sale price for this property was $1,050,000.00, and it consists of 2 units with a total square footage of 2,058.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,050,000.00
- Address: 1225 Southwest 11th Avenue
- Market: Miami
- Units: 2
- Square Footage: 2,058.0
- Seller: Emilio Li
- Buyer: Santiago Nieto
- Seller's Representatives: Ashley Alvarez (Sterling One Realty), William Alvarez (Sterling One Realty)
This transaction was facilitated by the buyer Santiago Nieto acquiring the property from seller Emilio Li. The deal involved representation by Ashley Alvarez and William Alvarez from Sterling One Realty acting on behalf of the seller in this transaction.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93