Molli Leoni Of The Alpha Commercial Represents Buyer In Multifamily Sale In Miami For $2.425M
131 Northwest 77th Street
$2,425,000
$331/SF
Building Size
7,317 SF
Asset Type
MultiFamily
Closing
Jun 23, 2025
AI
The asset involved in this transaction is a multifamily property located at 131 Northwest 77th Street in Miami. The property consists of 12 units, offering a total square footage of 7,317. The sale price for the property was $2,425,000, which translates to a price per unit of $202,083 and a price per square foot of $331.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,425,000
- Units: 12
- Square Feet: 7,317
- Price Per Unit: $202,083
- Price Per Square Foot: $331
- Buyer's Representative: Molli Leoni - The Alpha Commercial
- Seller's Representative: Steffanie Jacobson - The Alpha Commercial
- Broker: Jamie Rose Maniscalco - The Alpha Commercial
- Transaction Date: 6/24/2025
Molli Leoni represented the buyer in this transaction, while Steffanie Jacobson represented the seller; both are affiliated with The Alpha Commercial. The transaction was brokered by Jamie Rose Maniscalco, who also belongs to The Alpha Commercial, further emphasizing the company's involvement in the deal.
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
6.54%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93