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237 Southwest 13th Street

Victor William Ticona Cuadros And Victor Augusto Ticona Correa Acquire Multifamily Asset In Miami For $27.55M
SOLDMultiFamily

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

Santiago Vanegas

Habitat Group

Seller

$149.6M

vol

9 deals

Seller

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