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2179 Northwest 18th Terrace

Jesus David Lopez Acquires Multifamily Property From Antonio Trello In Miami For $3.45M
SOLDMultiFamily

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:

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

Carlos Fausto Miranda

Fausto Commercial Realty Consultants

Broker

$239.3M

vol

54 deals

Broker

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

4.60%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93