Updated Sep 9, 2024
Roberto Ventresca Acquires Multifamily Property In Little Havana, Miami For $1.42M
1262 SW 2nd St, Miami, Florida 33135, United States
$1,425,000
$310/SF
Building Size
4,584 SF
Asset Type
MultiFamily
Closing
Feb 24, 2022
About this deal
AI
A multifamily property located at 1262 SW 2nd Street in Little Havana, Miami, was recently sold in a closed transaction. The property consists of 6 units, with a total square footage of 4,584. The sale price was $1,425,000, resulting in a price per unit (PPU) of $237,500 and a price per square foot (PPSF) of $311.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,425,000
- Address: 1262 SW 2nd Street, Little Havana, Miami
- Market: Little Havana, Miami
- Units: 6
- Square Footage: 4,584
- Price per Unit: $237,500
- Price per Square Foot: $311
The buyer of the property was Roberto Ventresca, while the seller was Pelayo Mendez. Andros Sarduy from Synergy Realty Advisors LLC represented the seller in this transaction.
On the Map
$1,425,000
$310/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
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93