Updated Aug 18, 2026
Carlos De La Osa Acquires Multifamily Asset In North Miami From Michel Charlemagne For $2,719,000
1359 Ne 127 St
$2,719,000
$59/SF
Building Size
45,936 SF
Asset Type
MultiFamily
Closing
Feb 10, 2014
About this deal
AI
The property involved in this transaction is located at 1359 Ne 127 St, within the North Miami market. It is a MultiFamily asset encompassing a total square footage of 45,936. The transaction was completed for a total amount of $2,719,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,719,000.00
- Address: 1359 Ne 127 St
- Market: North Miami
- Square Footage: 45,936
- Buyer: Carlos De La Osa
- Seller: Michel Charlemagne
- Brokers: Arthur Porosoff, Jorge Luiz
Carlos De La Osa acted as the buyer in this transaction, while Michel Charlemagne was the seller. The deal was facilitated by brokers Arthur Porosoff and Jorge Luiz, who represented the respective parties involved in the transaction.
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
5.83%
Cash-on-Cash
-1.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93