Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $1,325,000
- Address: 1918 Northwest 21st Street
- Market: Miami
- Square Feet: 4,410
- Price per Square Foot: $300
- Buyer: Jonathan Benrimon
- Seller: Elein Valdes
- Brokers: Rey Moya & Carlos Fausto Miranda - Fausto Commercial Realty Consultants
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.
On the Map
$1,325,000
$300/SF
MultiFamily
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Players
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