Victor William Ticona Cuadros And Victor Augusto Ticona Correa Acquire Multifamily Asset In Miami For $27.55M
237 Southwest 13th Street
$27,550,000
Building Size
—
Asset Type
MultiFamily
Closing
May 8, 2025
AI
The transaction involved a 36-unit multifamily building located at 237 Southwest 13th Street in Miami. The asset was sold for $27,550,000, translating to a price per unit of $765,278. This property was part of the recently terminated El Vedado condo project situated near Miami’s Brickell neighborhood.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $27,550,000
- Buyer: Victor William Ticona Cuadros & Victor Augusto Ticona Correa - Grupo T&C
- Seller: Santiago Vanegas - Habitat Group
- Units: 36
- Price per Unit: $765,278
- Date of Transaction: 05/08/2025
Grupo T&C acquired the property from Habitat Group’s Blue Palm Capital entities, having assembled the units for $21.76 million over a span of five months. The transaction reflects a trend in South Florida, driven by recent stricter regulations post-Surfside.
Players
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
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93