Jesus David Lopez Acquires Multifamily Property From Antonio Trello In Miami For $3.45M
SOLD
$3,450,000
Florida
See Similar DealsMultiFamily7,393 SF
Sold 03/13/2024
SOLD
Jesus David Lopez Acquires Multifamily Property From Antonio Trello In Miami For $3.45M
2179 Northwest 18th Terrace
See Similar DealsMultiFamily7,393 SF
Sold 03/13/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$466
Total Square Footage:7,393 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$184,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12
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