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
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