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
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