Updated Oct 13, 2026
Charles Foster Purchases Multifamily Asset From Armando Navarro In Miami For $1,255,000
1332 Southwest 2nd Street
$1,255,000
$277/SF
Building Size
4,528 SF
Asset Type
MultiFamily
Closing
Oct 5, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 1332 Southwest 2nd Street in the Miami market. The sale price of the property was $1,255,000, and it comprises 6 units with a total square footage of 4,528. The price per unit calculated at approximately $209,166 and the price per square foot stands at around $277.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,255,000
- Units: 6
- Square Footage: 4,528
- Price Per Unit: $209,166
- Price Per Square Foot: $277
- Buyer: Charles Foster
- Seller: Armando Navarro
- Brokers: Lia Figueredo & Alexandra Rosy Palomo-Pujol - Metro 1
- Attorney: Salomon V. Bagdadi, esq. - Pkdb Law
This transaction involved key individuals and companies, including buyer Charles Foster and seller Armando Navarro, both of whom played critical roles in the deal. The brokerage side was represented by Lia Figueredo and Alexandra Rosy Palomo-Pujol of Metro 1, while legal representation was provided by attorney Salomon V. Bagdadi, esq. from Pkdb Law.
On the Map
$1,255,000
$277/SF
MultiFamily
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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
12.64%
Cash-on-Cash
-3.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93