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1918 Northwest 21st Street

Jonathan Benrimon Acquires Industrial Property In Miami From Elein Valdes For $1.325M
SOLDMultiFamily

Jonathan Benrimon Acquires Industrial Property In Miami From Elein Valdes For $1.325M

1918 Northwest 21st Street

$1,325,000

$300/SF

Building Size

4,410 SF

Asset Type

MultiFamily

Closing

Sep 12, 2024

AI

The property involved in this transaction is an industrial asset located at 1918 Northwest 21st Street, Miami. The sale price for this property was $1,325,000. The asset encompasses a total of 4,410 square feet, resulting in a price per square foot of $300.

Summary of transaction details:

Jonathan Benrimon acted as the buyer in this transaction, while Elein Valdes represented the seller. The brokerage services for this transaction were provided by Rey Moya and Carlos Fausto Miranda from Fausto Commercial Realty Consultants.

Players

Carlos Fausto Miranda

Fausto Commercial Realty Consultants

Broker

$239.3M

vol

54 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

11.97%

Cash-on-Cash

-3.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93