Updated Sep 9, 2024
Aijde Wanounou IV Sells Multifamily Property In Little Havana For $9.25M
1250 Southwest 6th Street, Miami, Florida 33135, United States
$9,250,000
$258/SF
Building Size
35,732 SF
Asset Type
MultiFamily
Closing
May 5, 2022
About this deal
AI
The multifamily property located at 1250 SW 6th St in Little Havana has been sold in a closed transaction. The property consists of 72 units with a total square footage of 35,732. The asking price for the property was $9,750,000, and it was sold for $9,250,000. This translates to a price per unit (PPU) of $128,472 and a price per square foot (PPSF) of $259.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,250,000
- Address: 1250 SW 6th St, Little Havana
- Market: Little Havana
- Units: 72
- Square Footage: 35,732
- Price per Unit (PPU): $128,472
- Price per Square Foot (PPSF): $259
The seller of the property was Aijde Wanounou IV. The broker involved in the transaction was Mauricio Villasuso from Fausto Commercial.
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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93