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2380 Southwest 22nd Street

Javier Motta & Agustin Duarte Facilitate $7.825M Sale Of Miami Multifamily
SOLDMultiFamily

Javier Motta & Agustin Duarte Facilitate $7.825M Sale Of Miami Multifamily

2380 Southwest 22nd Street

$7,825,000

$284/SF

Building Size

27,500 SF

Asset Type

MultiFamily

Closing

Jun 5, 2024

AI

The multifamily property located at 2380 Southwest 22nd Street in Miami was recently involved in a transaction. The property spans 27,500 square feet and consists of 26 units, with a sale price of $7,825,000. The price per unit equates to $300,962, and the price per square foot is $285.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $7,825,000
  • Units: 26
  • Price per Unit: $300,962
  • Square Footage: 27,500
  • Price per Square Foot: $285
  • Address: 2380 Southwest 22nd Street, Miami

Javier Motta from Habitat Realty Group represented the buyer in this transaction, while Agustin Duarte from RE/MAX 360 Miami Real Estate represented the seller. The deal showcases the professionalism and expertise of the respective real estate agencies in facilitating the successful purchase of this multifamily property.

Players

Agustin Duarte

Re/Max

Broker

$89.7M

vol

25 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

2.03%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93