Legacy Residential Acquires Multifamily Asset In Miami For $17.42M
SOLD
$17,420,000
Florida
See Similar DealsMultiFamily137,375 SF
Sold 11/30/2021
SOLD
Legacy Residential Acquires Multifamily Asset In Miami For $17.42M
1227 Southwest 3rd Avenue, Miami, FL 33130, USA
See Similar DealsMultiFamily137,375 SF
Sold 11/30/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$126
Total Square Footage:137,375 SF
Transaction Type:Sale
A multifamily property located at 1227 SW Third Ave in Miami has been sold. The property, consisting of 90 units, spans a total area of 137,375 square feet. The sale price for this transaction was $17,420,000, resulting in a price per unit of $193,556. The price per square foot was calculated to be $127.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,420,000
- Market: Miami
- Address: 1227 SW Third Ave
The buyer in this transaction was Legacy Residential, represented by Tomas Cabrerizo and Carlos Martinez. The seller, on the other hand, was Ases Realty, represented by Paul Garcia.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$929,066.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,889.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,579.69
Annual Debt Service$990,956.25
Is there something missing? Send suggestions