Jesus David Lopez Acquires Multifamily Property From Antonio Trello In Miami For $3.45M
2179 Northwest 18th Terrace
$3,450,000
$466/SF
Building Size
7,393 SF
Asset Type
MultiFamily
Closing
Mar 13, 2024
AI
The multifamily property located at 2179 Northwest 18th Terrace in Miami was sold for $3,450,000. The asset spans 7,393 square feet, resulting in a price per square foot of $467.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,450,000
- Buyer: Jesus David Lopez
- Seller: Antonio Trello
- Brokers: Carlos Fausto Miranda & Mauricio Villasuso - Fausto Commercial Realty Consultants
Jesus David Lopez was the buyer of the property, while Antonio Trello acted as the seller. The transaction was facilitated by brokers Carlos Fausto Miranda and Mauricio Villasuso from Fausto Commercial Realty Consultants.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93