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

Property Image
SOLD
$7,825,000

Florida

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MultiFamily27,500 SF
Sold 06/05/2024
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Property Image
SOLD

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

2380 Southwest 22nd Street

See Similar Deals
MultiFamily27,500 SF
Sold 06/05/2024
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$284
Total Square Footage:27,500 SF
Transaction Type:Sale

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
25 deals$89.7M volume
BROKER

Javier Motta
Habitat Realty
1 deal$7.8M volume(786) 521-8144
BROKER

Details

SOLD
IMAGE: Javier Motta & Agustin Duarte DATE: 06/05/2024 ADDRESS: 2380 Southwest 22nd Street MARKET: Miami ASSET TYPE: Multifamily BUYER'S REP: Javier Motta (@JaviMotta) - Habitat Realty Group (@HabitatRealty) SELLER'S REP: Agustin Duarte (@MagicCityCommercial) - RE/MAX 360 Miami Real Estate (@REMAX360Miami) ASKING PRICE: $8,000,000 SALE PRICE: $7,825,000 UNITS: 26 ~ PPU: $300,962 SF: 27,500 ~ PPSF: $285

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$417,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,800.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,094.49
Annual Debt Service$445,133.91