Ricardo Kirschbaum Acquires Multifamily Property In Little Havana, Miami For $1.125M
SOLD
$1,125,000
Florida
See Similar DealsMultiFamily3,351 SF
Sold 08/20/2021
SOLD
Ricardo Kirschbaum Acquires Multifamily Property In Little Havana, Miami For $1.125M
1268 Northwest 3rd Street, Little Havana, Miami, FL, USA
See Similar DealsMultiFamily3,351 SF
Sold 08/20/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$335
Total Square Footage:3,351 SF
Transaction Type:Sale
A multifamily property located at 1268 Northwest 3rd Street in Little Havana, Miami, was recently sold in a closed transaction. The property spans a total of 3,351 square feet and was sold for a price of $1,125,000, resulting in a price per square foot of $336.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Date: 08/20/2021
- Buyer: Ricardo Kirschbaum
- Seller: Carlos Gonzales
- Brokers: Rafael Fermoselle & David Fermoselle - Eleventrust
The buyer, Ricardo Kirschbaum, acquired the property from Carlos Gonzales. The transaction was facilitated by brokers Rafael Fermoselle and David Fermoselle from Eleventrust. The property was listed with an asking price of $1,200,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89
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