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131 Northwest 77th Street

Molli Leoni Of The Alpha Commercial Represents Buyer In Multifamily Sale In Miami For $2.425M
SOLDMultiFamily

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

Jamie Rose Maniscalco

The Alpha Commercial

Broker

$197.5M

vol

57 deals

Broker
The Alpha Commercial
The Alpha CommercialBrokerage

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