Izhak Wanounou Purchases Multifamily Property In Miami For $15 Million With Rafael Fermoselle As Buyer's Rep
2052 Southwest 1st Street & 129 Southwest 21st Avenue
$15,000,000
$131/SF
Building Size
114,308 SF
Asset Type
MultiFamily
Closing
Apr 14, 2025
AI
The multifamily property located at 2052 Southwest 1st Street & 129 Southwest 21st Avenue in Miami has been sold for $15,000,000. The asset encompasses a total of 57,154 square feet and consists of 43 residential units, resulting in a price per unit of $348,837 and a price per square foot of $262.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,000,000
- Units: 43
- Square Footage: 57,154
- Price Per Unit: $348,837
- Price Per Square Foot: $262
- Buyer: Izhak Wanounou
- Seller: Gil Conteras
- Buyer's Representative: Rafael Fermoselle - ElevenTrust Real Estate Services
- Seller's Representatives: Carlos Fausto Miranda & Mauricio Villasuso - Fausto Commercial Realty Consultants
The transaction reflects a strategic move by the buyer, who acquired the property as a 1031 exchange and plans to hold it for the long term.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93