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1629 Southwest 4th Street, ...

Updated Dec 21, 2023

Joseph Benjamin Acquires Multifamily Property In Little Havana For $3.14M
SOLDMultiFamily

Joseph Benjamin Acquires Multifamily Property In Little Havana For $3.14M

1629 Southwest 4th Street, Miami, Florida 33135, United States

$3,142,500

$198/SF

Building Size

15,872 SF

Asset Type

MultiFamily

Closing

Mar 21, 2022

About this deal

AI

Located in the vibrant neighborhood of Little Havana, this multifamily property at 1629 SW 4th St has recently changed hands in a closed transaction. The property consists of 20 units, offering a total of 15,872 square feet of living space. The sale, facilitated by broker Javier A. Ubeda PA of Porosoff Group, saw a sale price of $3,142,500. This translates to an average price per unit (PPU) of $157,125 and a price per square foot (PPSF) of $198. The buyer, Joseph Benjamin, acquired this valuable asset from seller Nelsa Devivar.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $3,142,500
  • Units: 20
  • Average PPU: $157,125
  • Total Square Feet: 15,872
  • Price per Square Foot (PPSF): $198
  • Market: Little Havana
  • Buyer: Joseph Benjamin
  • Seller: Nelsa Devivar
  • Broker: Javier A. Ubeda PA - Porosoff Group

The sale of this multifamily property in Little Havana represents a lucrative opportunity for Joseph Benjamin as he expands his real estate portfolio. For further information and inquiries about similar multifamily properties, interested parties can reach out to broker Javier A. Ubeda at 305-766-1864. Seize the chance to become a multifamily millionaire and contact Javier today!

Players

Javier A. Ubeda

Compass

Broker

$46.6M

vol

15 deals

Broker

Joseph Benjamin

Buyer

$3.1M

vol

1 deal

Buyer

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $198 per square foot on a published $3.1M for 15,872 square feet (2022).

Visit Javier A. Ubeda to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.05%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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