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
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