Humberto Chavez Purchases Multifamily Property In Miami From Roberto Blanco For $1.98M
SOLD
$1,980,000
Florida
See Similar DealsMultiFamily6,112 SF
Sold 12/30/2025
SOLD
Humberto Chavez Purchases Multifamily Property In Miami From Roberto Blanco For $1.98M
1607 Northwest 16th Avenue
See Similar DealsMultiFamily6,112 SF
Sold 12/30/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$324
Total Square Footage:6,112 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 1607 Northwest 16th Avenue in Miami. It has a total area of 6,112 square feet and was sold for a price of $1,980,000, translating to a price per square foot of $323.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,980,000
- Address: 1607 Northwest 16th Avenue
- Market: Miami
- Square Footage: 6,112
- Price Per Square Foot: $323
- Buyer: Humberto Chavez
- Seller: Roberto Blanco
- Broker: George Jimenez - J&Co. Commercial Real Estate
The transaction was facilitated by George Jimenez, who represents J&Co. Commercial Real Estate. Humberto Chavez completed the purchase from seller Roberto Blanco as part of this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$105,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,034.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,386.21
Annual Debt Service$112,634.52
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