Marcos Lago Molina Acquires Multifamily In Miami For $1.05M
19 NE 48th St Miami, FL 33137, USA
$1,050,000
$175/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
May 27, 2023
AI
A multifamily property located at 19 Northeast 48th Street in Miami has been sold in a transaction. The property spans across 6,000 square feet and was sold at a price of $1,050,000, resulting in a price per square foot of $175.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 19 Northeast 48th Street, Miami
- Market: Miami
Marcos Lago Molina has purchased the property from HKM Ventures, represented by Kyle Melkonian. The seller's representatives in this transaction were Tomas Sulichin and Wendy Concepcion from RelatedISG International Realty.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93