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2029 Southwest 2nd Street

Jose Daccarett Sells Multifamily Property At 2029 Southwest 2nd Street In Miami For $1.62M
SOLDMultiFamily

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:

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

Adam Marcuvitz

Marcus & Millichap

Broker

$66.3M

vol

10 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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