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2324 Northwest 9th Street

Alejandro Villalobos Buys Multifamily Property In Miami For $1M
SOLDMultiFamily

Alejandro Villalobos Buys Multifamily Property In Miami For $1M

2324 Northwest 9th Street

$1,000,000

$85/SF

Building Size

11,700 SF

Asset Type

MultiFamily

Closing

Jun 6, 2024

AI

The multifamily property located at 2324 Northwest 9th Street in Miami was sold for $1,000,000. Spanning 11,700 square feet, the property was purchased by Alejandro Villalobos from seller Ramiro Osorio Gomez. The transaction was facilitated by brokers Christopher Carbonell and Mauricio Villasuso from Fausto Commercial Realty Consultants, with a price per square foot of $85.

Summary of transaction details:

Mauricio Villasuso and Christopher Carbonell of Fausto Commercial Realty Consultants played crucial roles in ensuring the success of this transaction. Their expertise and negotiation skills were instrumental in bringing together buyer Alejandro Villalobos and seller Ramiro Osorio Gomez, resulting in the seamless sale of the multifamily property in Miami.

Players

Mauricio Villasuso

Fausto Commercial Realty Consultants

Broker

$91.4M

vol

17 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93