Updated Sep 9, 2024
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
About this deal
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.
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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