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1268 Northwest 3rd Street, ...

Ricardo Kirschbaum Acquires Multifamily Property In Little Havana, Miami For $1.125M
SOLDMultiFamily

Ricardo Kirschbaum Acquires Multifamily Property In Little Havana, Miami For $1.125M

1268 Northwest 3rd Street, Little Havana, Miami, FL, USA

$1,125,000

$335/SF

Building Size

3,351 SF

Asset Type

MultiFamily

Closing

Aug 20, 2021

AI

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.

Players

Rafael Fermoselle

ElevenTrust Real Estate Services

Broker

$109.6M

vol

22 deals

Broker

Carlos Gonzales

Resia

Seller

$97.6M

vol

2 deals

Seller

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

14.10%

Cash-on-Cash

-4.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93