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1644 Southwest 3rd Street

Gabriel Romanoch Acquires 6-Unit Multifamily In Little Havana For $1.35M
SOLDMultiFamily

Gabriel Romanoch Acquires 6-Unit Multifamily In Little Havana For $1.35M

1644 Southwest 3rd Street

$1,350,000

$272/SF

Building Size

4,960 SF

Asset Type

MultiFamily

Closing

Oct 5, 2022

AI

A multifamily property located at 1644 SW 3rd St in Little Havana has been sold for $1,350,000. The property consists of 6 units with a price per unit of $225,000. The total square footage is 4,960, resulting in a price per square foot of $272.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Units: 6
  • Price per Unit: $225,000
  • Square Footage: 4,960
  • Price per Square Foot: $272

The buyer of the property is Gabriel Romanoch, while the seller is Pelayo Mendez. The brokers involved in the deal are Andros Sarduy, P.A from Synergy Realty Advisors.

Players

Andros Sarduy

Synergy Realty Advisors

Broker

$79.6M

vol

17 deals

Broker

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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93