Arsenio Viera Acquires Multifamily Property In Miami For $1.1M
SOLD
Florida
See Similar DealsMultiFamily5,200 SF
Sold 03/29/2024
SOLD
Arsenio Viera Acquires Multifamily Property In Miami For $1.1M
2120 Northwest 23rd Avenue
See Similar DealsMultiFamily5,200 SF
Sold 03/29/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$211
Total Square Footage:5,200 SF
Transaction Type:Sale
The multifamily property located at 2120 Northwest 23rd Avenue in Miami was sold for $1,100,000. The property spans 5,200 square feet, resulting in a price per square foot of $212.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Buyer: Arsenio Viera
- Seller: Elein Valdes
- Brokers: Carlos Fausto Miranda & Inigo Aldecoa - Fausto Commercial Realty Consultants
Arsenio Viera purchased the multifamily property, facilitated by brokers Carlos Fausto Miranda and Inigo Aldecoa from Fausto Commercial Realty Consultants. The seller, Elein Valdes, concluded the transaction that took place on March 29, 2024.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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