Jose A Rodriguez Acquires Multifamily Property From Robert Hunter For $2.97M In Miami
1520 Northwest 61st Street
$2,970,000
$279/SF
Building Size
10,615 SF
Asset Type
MultiFamily
Closing
Apr 15, 2026
AI
This multifamily property, located at 1520 Northwest 61st Street in Miami, was sold for a transaction amount of $2,970,000. The property comprises 18 units, offering a price per unit of $165,000. With a total square footage of 10,615, the price per square foot stands at $279.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,970,000
- Units: 18
- Price Per Unit: $165,000
- Square Footage: 10,615
- Price Per Square Foot: $279
- Buyer: Jose A Rodriguez
- Seller: Robert Hunter
- Broker: Ernie Perez - Gridline Properties
Ernie Perez from Gridline Properties represented the transaction, facilitating the sale between buyer Jose A Rodriguez and seller Robert Hunter.
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
5.34%
Cash-on-Cash
-1.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93