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2014 Southwest 3rd Street

New Game Holding 2 LLC Acquires Multifamily Building In Miami From OL FE Corp For $2.5M
SOLDMultiFamily

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.

Players

Alexis Lizama

Coldwell Banker

Broker

$6.9M

vol

5 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93