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19 NE 48th St Miami, FL 331...

Marcos Lago Molina Acquires Multifamily In Miami For $1.05M
SOLDMultiFamily

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

Tomas Sulichin

RelatedISG International Realty

Broker

$161.4M

vol

22 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93