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2105 Southwest 7th Street, ...

Ezequiel Alfaro & Alejandra Riveiro Acquire 8-Unit Multifamily In Miami For $1.23M
SOLDMultiFamily

Ezequiel Alfaro & Alejandra Riveiro Acquire 8-Unit Multifamily In Miami For $1.23M

2105 Southwest 7th Street, Miami, FL, USA

$1,230,000

$228/SF

Building Size

5,374 SF

Asset Type

MultiFamily

Closing

Jan 24, 2021

AI

An eight-unit multifamily property located at 2105-2107 SW 7th Street in Miami has been sold for $1,230,000. The property spans a total of 5,374 square feet, resulting in a price per square foot of $229. Each unit was sold for approximately $153,750.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,230,000
  • Address: 2105-2107 SW 7th Street, Miami
  • Market: Miami

Ezequiel Alfaro & Alejandra Riveiro, managers of Sauvage, have purchased the property from Marie-Christine Solal, manager of Vettore USA. The transaction was facilitated by Robert Burstein, the broker involved in the deal.

Players

Robert Burstein

ONE Commercial Real Estate

Broker

$24.2M

vol

8 deals

Broker

Marie-Christine Solal

Seller

$6.9M

vol

2 deals

Seller

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

12.90%

Cash-on-Cash

-3.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93