New Game Holding 2 LLC Acquires Multifamily Building In Miami From OL FE Corp For $2.5M
2014 Southwest 3rd Street
$2,500,000
$330/SF
Building Size
7,556 SF
Asset Type
MultiFamily
Closing
May 6, 2025
AI
A multifamily property located at 2014 Southwest 3rd Street in Miami has been sold. The asset encompasses 9 units and has a total square footage of 7,556 SF. The transaction was finalized at a price of $2,500,000, translating to a price per unit of $277,778 and a price per square foot of $331.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Acres: 0.21
- Units: 9
- Price Per Unit: $277,778
- Square Feet: 7,556
- Price Per Square Foot: $331
- Buyer: New Game Holding 2 LLC
- Seller: OL FE Corp.
- Broker: Alexis Lizama - Coldwell Banker
The deal was brokered by Alexis Lizama from Coldwell Banker, highlighting the involvement of key representatives in the transaction with New Game Holdings 2 LLC purchasing the property from OL FE Corp. This off-market transaction closed without recorded debt.
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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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93