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1520 Northwest 61st Street

Jose A Rodriguez Acquires Multifamily Property From Robert Hunter For $2.97M In Miami
SOLDMultiFamily

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

Ernie Perez

Gridline Properties

Broker

$69.9M

vol

20 deals

Broker
Robert Hunter

Robert Hunter

Seller

$10.6M

vol

3 deals

Seller

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