Jose Daccarett Sells Multifamily Property At 2029 Southwest 2nd Street In Miami For $1.62M
2029 Southwest 2nd Street
$1,620,000
$284/SF
Building Size
5,700 SF
Asset Type
MultiFamily
Closing
Jun 23, 2025
AI
The property involved in the transaction is a multifamily asset located at 2029 Southwest 2nd Street in Miami. The sale price was $1,620,000 for a building comprising 6 units. The total square footage of the property is 5,700, with a price per unit of $270,000 and a price per square foot of $284.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,620,000
- Units: 6
- Square Footage: 5,700
- Price Per Unit: $270,000
- Price Per Square Foot: $284
- Seller: Jose Daccarett
- Broker Representatives: Joseph Thomas, Alec Demetriou & Adam Marcuvitz - Marcus & Millichap
Jose Daccarett was the seller of the property, and the representatives from Marcus & Millichap involved in this transaction include Joseph Thomas, Alec Demetriou, and Adam Marcuvitz, highlighting the brokerage’s role in facilitating the deal.
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
9.79%
Cash-on-Cash
-2.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93