Updated Aug 18, 2026
Timothy Kingcade Purchases 1340 Nw 22nd Ave Multifamily In Miami For $3,240,000
1340 Nw 22nd Ave
$3,240,000
$132/SF
Building Size
24,462 SF
Asset Type
MultiFamily
Closing
Feb 9, 2016
About this deal
AI
The property asset involved in this transaction is a MultiFamily located at 1340 Nw 22nd Ave in Miami. The total square footage of the asset is 24,462. The transaction was concluded at a price of $3,240,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,240,000.00
- Address: 1340 Nw 22nd Ave
- Market: Miami
- Square Footage: 24,462
- Buyer: Timothy Kingcade
- Seller: Alcides Rodriguez
- Broker: Arthur Porosoff
The key individuals involved in this deal include Timothy Kingcade as the buyer and Alcides Rodriguez as the seller. Arthur Porosoff represented the seller in this transaction, facilitating the sale process.
On the Map
$3,240,000
$132/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
4.90%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93