Hector Flores Acquires Multifamily Property In Miami From Yves Trokel For $2.3M
1345 Sw 37 Ave
$2,300,000
$836/SF
Building Size
2,749 SF
Asset Type
MultiFamily
Closing
Mar 3, 2023
AI
The multifamily property located at 1345 SW 37 Ave in Miami has been sold for a total of $2,300,000. The property consists of 5 units, resulting in a price per unit of $460,000. The total square footage of the property is 2,749, making the price per square foot $837.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Units: 5
- Price per Unit: $460,000
- Total Square Footage: 2,749
- Price per Square Foot: $837
Hector Flores has acquired the property from Yves Trokel. Josephine Markferding from The Canero Group represented Hector Flores as the buyer's representative, while Gabriela Rodino from Gabriela Rodino Group LLC represented Yves Trokel as the seller's representative.
Players
Market 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93